Swiss central bank explores Eurozone instant payment integration

SNB and ECB launch feasibility study to connect Swiss and European instant payment systems by 2026

Key Takeaways

The Swiss National Bank (SNB) and the European Central Bank (ECB) have launched a feasibility study to link their instant payment systems.
The study aims to connect the Swiss SIC system with the Eurosystem’s TARGET Instant Payment Settlement (TIPS).
The exploratory phase is scheduled to last until 2026.
The proposed system would allow cross-currency payments to be settled in seconds, 24/7/365.
The integration covers domestic account-to-account transactions and cross-border currency swaps.

By The Numbers

2026

Year

Seconds

Time

Hours per day

They Said

"The initiative contributes to the overall goal of making cross-border payments faster, more convenient, transparent and accessible."
— Swiss National Bank

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Sources & References

Swiss central bank explores link to Eurozone instant payment system

SWI swissinfo.ch

Key Takeaways

The Swiss National Bank (SNB) and the European Central Bank (ECB) have launched a feasibility study to link their instant payment systems.
The study aims to connect the Swiss SIC system with the Eurosystem’s TARGET Instant Payment Settlement (TIPS).
The exploratory phase is scheduled to last until 2026.
The proposed system would allow cross-currency payments to be settled in seconds, 24/7/365.
The integration covers domestic account-to-account transactions and cross-border currency swaps.

By The Numbers

2026

Year

Seconds

Time

Hours per day

They Said

"The initiative contributes to the overall goal of making cross-border payments faster, more convenient, transparent and accessible."
— Swiss National Bank

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