Even the Swiss are shifting to cashless payments

The Swiss National Bank survey found that while paying with notes and coins was still the top choice, the proportion of transactions using cards or an app had increased. — 123rf.com

Cashless forms of payments are making inroads even in the country famous for its 1,000-franc (RM4,532) banknote.

In Switzerland, the proportion of payments made with cash has dropped “significantly” in recent years, according to a central bank study published on Wednesday.