Swish is a Swedish mobile wallet which links the user’s mobile phone to their bank account. Users can make P2P money transfers and pay in-store, either by entering the payee and amount or scanning a QR code. Users approve the payment with their mobile bank ID, and the funds are transferred in real-time. Online and in-app payments via Swish are also possible. Swish is a cooperation between six of the largest banks in Sweden.

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Type Wallet
Company behind LPM Getswish AB
Market share details 10% (35.5 m transactions/month); More than 7 m private users (over 70% of the Swedish population) make more than 30 m Swish payments per month. »Swish« has become a verb in Swedish.
Market relevance High

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