![]() In Germany can’t pay with Apple or Google anywhere. I know, Iknow, there are other ways like Apple pay or Google pay. Its 2018 guys! But, I feel like I am in the stone age. How is it possible that I still need to go and get cash from the bank or need to use my credit card. It blows my mind that countries like Germany don’t do that. It is a very very easy way to transmit money and a very practical way to transmit money. I think it’s about 80% of all Swedes are using Swish now. That is why the current market penetration of Swish is crazy high. It makes it very easy to do payments and because it is backed up by the banks it owns the trust of the users. The clever thing is that the swedish banks actually created Swish, so a FinTech can’t come up with it and mess up their business. Remember in the beginning when I told you that FinTechs try to work around banks. You show him the scren that you have paid the transaction and then you drive off and park your car. You just open the app, put in his phone number and put in the amount and press send (and enter your pin). In Sweden what you do is, on that guy’s chest is a note with his phone number. In some other countries you would take out your purse and you pay him with your credit card. Now, in Germany what you needed need to do is you get out of your purse and pay him in hard cash. He collects the money for the parking ticket. We went to an ice hockey game and as we drove on the parking lot there was a guy standing. When you press the send button you need to enter your PIN code, that you got from the bank, and then the money is transmitted to the other guy. And one where you can send a message with your transaction. If you want to know how to say swish in Swedish, you will find the translation here.A second one where you enter the amount you want to transmit.One where you can put in a phone number in.Then go to the bank and have your number associated with your swish account.Īfter that is done, you can use the app to make payments or send your daughter her pocket money. That app is linked to your bank account and that works with almost or all Swedish banks.Īll you need to do is register your phone number in the app. What you do with Swish is, you have an app, the Swish app. I came in contact with it on my last trip to Sweden and I was very impressed. They basically often try to cut out the middleman, the bank. Add Own solution Log in, to leave a comment Are there any code examples left Find Add Code snippet. ![]() They find new ways to make it easier for payments, to make it simpler to get a loan. Forsvunnet dont translate metamorphosis to japanese. What people are trying to do in the FinTech industry is, work around banks. ![]()
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