Swiss financial institution Bivial AG has introduced instant Swiss Franc (CHF) payments through the SIC Instant Payments (SIC IP) clearing system.
As an early adopter of the national infrastructure, Bivial now allows clients to send and receive CHF payments in real time, 24 hours a day, seven days a week, throughout the year.
Clients can process payments of up to CHF 20,000 in under 10 seconds, including during weekends and public holidays.
The rollout complements Bivial’s existing global payments capabilities, which include Swiss IBAN accounts in more than 19 currencies and the ability to make payments to over 160 countries.
Clients can also fund accounts, cards, and wallets via alternative payment methods and locally preferred payment rails, now with the added option of real-time CHF transfers.
“This is a great step forward in delivering real-time financial services in Bivial’s home market, Switzerland,”
said Martynas Bieliauskas, CEO of Bivial.
“By combining instant CHF payments with our existing global infrastructure, we are giving businesses a single platform to manage liquidity, make faster payouts, and improve their overall cash flow.”
Bivial’s launch aligns with Switzerland’s move towards a modern, real-time payments ecosystem, providing full connectivity with other SIC IP participants while maintaining global coverage across currencies and payment methods.
Featured image credit: Edited by Fintech News Switzerland, based on image by Claudio Schwarz via Unsplash
