Swish is a Swedish mobile payment system owned and operated by a consortium of major Swedish banks, including Nordea, Swedbank, SEB, Handelsbanken, and Danske Bank. It allows users to transfer money quickly and easily between bank accounts using only their mobile phone numbers. Users simply enter the recipient’s phone number and the amount to be sent, and the transaction is typically processed in real-time. Swish is widely used for person-to-person payments, but it is also a popular choice for purchases at participating merchants.
To use Swish, users must download the Swish app and link it to their bank account. They can then send money to other Swish users by entering their phone number and the amount. Merchants who accept Swish will display a QR code that customers can scan to make payments. Some merchants also allow customers to make Swish payments by entering their phone number directly into the POS system.
