Seven banks, all of whom are present in the Swedish market, have launched a new app that enables the country’s mobile subscribers to send money between bank accounts using only their mobile numbers.
The banks involved in the new service are SEB, Danske Bank, Handelsbanken, Länsförsäkringar Bank, Nordea, Swedbank and Sparbankerna.
The new Swish app was launched on 12 December in the App Store and Google Play.
The banks will not disclose whether they have rollout plans beyond Sweden. Nor whether they will look at offering point-of-sale payments in the future.
The service is similar to Pingit launched by UK bank Barclays earlier this year.