Qitero Qitero

Swish

Country: Sweden (SE)  |  Payment Rail: real_time_payment

RealTimePayment Market Adoption: 35%

Swish is Sweden's dominant national mobile instant payment system, featuring 24/7 bank-to-bank transfers authenticated via Mobile BankID widely used for e-commerce checkout, in-store POS, and P2P transfers.

🔄 User Payment Flow

  1. User selects Swish at checkout on desktop or mobile
  2. On desktop, dynamic Swish QR code is presented; on mobile, Swish app opens via deep link
  3. User verifies merchant name and amount in Swish app
  4. User signs payment using Mobile BankID (Mobilt BankID)
  5. Funds transfer immediately and order is confirmed instantaneously

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringYES
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant initiates payment order via Swish E-Commerce API or certified PSP (Adyen, Stripe, Nets)
  • Customer authorizes charge using Mobilt BankID
  • Swish clearing engine executes real-time settlement over Riksbank RIX rail
  • Merchant receives synchronous API callback confirming payment completion

🚀 Supported Payment Gateways & Acquirers (PSPs)

🔌 Stripe🔌 Adyen