Federal Act on Data Protection (nFADP)
Swiss equivalent to GDPR, effective 1 September 2023 — extraterritorial scope, strict consent, breach notification within 72h
Federal Data Protection and Information Commissioner (FDPIC)
Europe & Central Asia · GDP rank #19
Switzerland
CH · CHF @ 1.2757/USD
Switzerland is a closed-loop A2A payments market — TWINT is universal for domestic P2P and increasingly P2M, SIC5 delivered retail instant on an ECB-comparable footing in August 2024, and cross-border CHF flows route mostly through SIX-operated channels. The country sits outside SEPA's instant-payments obligations and the long tail of card spend still flows through the classic Visa/Mastercard stack.
Tab 06
Fraud & security
Headline fraud totals and typology splits, the rollout of EMV chip, tokenisation, 3DS and biometrics, and the controlling data-protection and payments statutes.
Absolute card fraud among lowest in Europe — driven by mandatory 3DS2 since 2021 and TWINT's biometric-default architecture. APP fraud on SIC Instant rising from a low base.
Reported payment fraud · 2024
48M CHF▼ -4% vs prior year
Card-not-present share
83%
3DS adoption on CNP
94%
Trend lines
What's growing fastest
Where a full typology breakdown is not published, the authorities typically disclose year-on-year growth in specific scam categories. Authorised push-payment (APP) scams and account-takeover fraud are the canonical “wallet era” concerns in most markets.
- Card-not-present share83%
- APP scam growth YoY+22%
- Account takeover growth YoY+14%
Controlling regulation
FINMA-RS 2008/21 Operational Risks
Operational risk circular — third-party and ICT risk management, updated 2024 to align with EU DORA equivalence
FINMA