Swiss firms attach great importance to cash

Swiss companies remain happy to take cash payments from customers while public transport operators want to limit the use of physical francs, according to a survey by the Swiss National Bank (SNB). + Get the most important news from Switzerland in your inbox Accepted by 98% of companies surveyed, cash is the most widely accepted means of payment in everyday consumer goods sectors, reveals the SNB in a study published on Wednesday. The reasons given are that customers want to pay in cash. In addition, cash is crisis-proof and a low-cost alternative to non-cash means of payment. + Switzerland's continuing love affair with cash Some 770 companies took part in the survey. Among those questioned were major retailers, public transport companies, restaurants, hotels, service providers such as hairdressers and dentists, as well as cultural and entertainment institutions. Although cash remains the most widely accepted means of payment, it is under pressure: more than half of the public ...