Sweden · Mobile Payment · Est. 2012
Sweden's dominant mobile payment app used by 8M+ people (in a country of 10.5M) for P2P transfers, in-store payments, and e-commerce. Swish transactions clear through the Bankgirot Immediate Payments (BIR) real-time clearing system. Founded by six major Swedish banks, Swish has been a key driver of Sweden's shift toward a nearly cashless society. Payments are initiated via phone number and settle instantly, with merchant payments supported via QR codes and Swish for Business.
Swish is Sweden’s real-time payment system (Mobile Payment), launched in 2012. Swedens dominant mobile payment app used by 8M+ people (in a country of 10.
Swish processed 1.2 billion transactions worth $58.9bn in 2025, a year-on-year change of +9.1%.
Swish is operated by Bankgirot, with instant settlement.
Swish launched in 2012, and today has 6 participating institutions.
Swish supports QR code payments, digital wallets, proxy/alias lookup, request-to-pay.
Data source: Riksbank.
| Capability | Status |
|---|---|
| QR Code Payments | ✓ |
| Wallet Support | ✓ |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | ✓ |
| Request to Pay | ✓ |
| Open API | ✓ |
| Alias/Proxy | ✓ |