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Swish now operating under direct supervision by the Swedish FSA

Chokladcoppen cafe on Stortorget Square
Photo: Michel Setboun/Getty Images

Vasilka Lalevska

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Sweden’s popular instant payment service needs to comply with current risk management and anti-money-laundering rules.

Getswish AB, the company behind the popular instant payment service Swish, has been granted a license to operate as a so-called clearing company. The new license puts Swish under direct supervision by the Swedish Financial Supervisory Authority, Finansinspektionen (FI).

For Getswish, the direct supervision means that the company will need

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