I don't see how that makes a difference at all, considering Paym is owned by Vocalink - which is 18 banks according to the article. "Paym is a new service laun

I don't see how that makes a difference at all, considering Paym is owned by Vocalink - which is 18 banks according to the article. "Paym is a new service launched by VocaLink in 2014" "This money goes to Vocalink, a company owned by a consortium of 18 banks, which operates FPS, along with Bacs (for Direct Debit), and the LINK network (ATMs)." I would say it's likelier that the fact that Swish transactions are instant from the customers perspective have played a large part in why the uptake for Swish has been so good in Sweden. As regular bank transfers still take hours to days to settle.