In today’s post, we would like to present another payment method available on the market and its benefits to your fundraising campaigns. This time, it is the Swedish mobile payment solution – Swish.
Swish is a Swedish payment solution similar to MobilePay that functions the same way by allowing customers to send money to friends, companies and organizations using their mobile phone. It’s a perfect solution to pay for groceries at the supermarket, splitting a check at a restaurant, or to send a gift to a charity. Customers can also pay with Swish while shopping online or in mobile apps from companies offering Swish as a payment option. The money is sent directly to the recipient’s account, no matter which one of the participating banks they have. Swish is a constantly improving payment solution and the features they offer are expanding every year. This year they introduced payment requests to help merchants accept Swish payments easier.
The solution is already very popular in Sweden and the numbers show it:
- 7,723,852 users
- 52,348,019 transactions in November 2020
- 262,059 companies that offer payments via Swish
- 53 % growth in Swish for merchants compared to last year
- 29% of people aged 18-44 prefer to pay online with Swish
Sweden is quickly becoming a cashless society, as most people are now accustomed to paying online or by card, doesn’t matter if it’s a big or a small transaction. For charities, it’s crucial to be able to accept mobile payments and online donations, or they risk missing out on thousands of potential donors. It is truly an exciting payment solution and we can’t wait to see further developments that would help both regular consumers and NGOs with their payment needs.
If you want to know more about Swish with PayGate, do not hesitate to contact us on email@example.com or click a button below.