What is Swish?
Swish is a mobile payment service developed in Sweden that enables quick, secure person-to-person and business payments using smartphones. Linked to users’ bank accounts and phone numbers, Swish allows for instant transfers in Swedish Krona (SEK), primarily within Sweden. The service is widely adopted among Swedish consumers, merchants, and organizations for both private and commercial transactions. Swish leverages BankID for secure authentication, providing a high level of protection against fraud. While highly effective for domestic use, Swish does not support international transfers or currencies beyond SEK. As of 2025, Swish is one of the most trusted and frequently used mobile payment solutions in Sweden.
How to use Swish?
- Download the Swish app to your smartphone.
- Link your app to your Swedish bank account.
- Authenticate using BankID.
- Enter the recipient’s phone number and the amount.
- Confirm the transaction in the app.
- Both sender and recipient receive instant confirmation.
The pro's of using Swish
- Immediate transfers between users and businesses within seconds.
- High security standards through BankID authentication.
- Minimal transaction fees for private users.
- Wide acceptance across Swedish shops, e-commerce sites, and organizations.
- Simple user interface suitable for all ages.
The con's of using Swish
- Only works with Swedish bank accounts and Swedish Krona (SEK).
- Not available for international payments or non-residents.
- Requires access to BankID, which may limit user eligibility.
- Dependent on smartphone and stable internet connection.
- Limited functionality for business users outside Sweden.