Digital Banking

Swiss contactless ATM withdrawals go mainstream

Image courtesy of iStock

February 19, 2021

The COVID-19 pandemic spurred a QR code acceleration in Switzerland, causing several banks to integrate QR code-based readers into their facilities and leading to a 269% increase in contactless cash transactions in 2020, according to a reportin Finextra

More than a third of ATM machines in Switzerland are now equipped with QR code readers while another 20% have NFC readers,

Banks are also generating QR codes via mobile banking to give customers access to cash at any time.