Person Detail

Tobias Trütsch

Tobias Trütsch

Tobias Trütsch


Managing Director FSI-HSG

Büro MF52-6100
Unterer Graben 21
9000 St Gallen
Main Focuses

economics of payment

payment behavior

usage of cash

Cash Access

mobile payment

monetary economics

payment instruments


Central Bank Digital Currency (CBDC)

Fields of research

payment behaviour

innovative payment instruments

money demand

payment economics


MSc in Economics, University of Berne 

University of St. Gallen, Doctoral Program in International Affairs and Political Economy (DIA), Focus: Economics

Professional Career

Center for Financial Services Innovation (FSI-HSG), University of St.Gallen

  • Managing Director
  • Senior Research Consultant

Executive School (ES-HSG), Universität St. Gallen 

  • Program director of the two executive education programs «CAS Weiterbildung für Politik» with focus on economics, leadership, communication and negotation
  • Program director of the «Executive Program» designed for the Lower Austrian People’s Party (Volkspartei)
  • Preparing academic publications (e.g. studies, reports, advisory mandates)
  • Supervision of academic term papers (general and executive education)
  • Communication Manager Switzerland of the «Global Competitiveness Report» initiated by the World Economic Forum (WEF): Conducting the executive opinion survey 
Teaching Activities

Universität St. Gallen

  • Lecturer for Economics
  • Lecturer «Introduction to Economics»
  • Lecturer «Microeconomics II» (till 2014)
  • Supervision and evaluation of different group exercises on executive education level (EMBA, EMBE, WfP-HSG, Inhouse Programs regarding the economic simulation model «SwissSim»
  • Swiss Payment Monitor - How do Swiss people pay?
    Analysis of the individual payment behaviour in Switzerland and of attitudes towards innovative payment instruments
  • Swiss Payment Behaviour Lab: Payment behaviour during the corona pandemic
  • Swiss Money Map Monitor: Spatial analysis of the distribution of ATMs and bank branches in Switzerland 
  • The Costs of Point-of-Sale Payments in Switzerland
    • What are the overall economic costs of individual means of payment?
    • How high are the costs of individual means of payment for relevant stakeholders?



Swiss Society of Economics and Statistics

  • Best Paper Award at the Prague 12th International Academic Conderence
  • Journal Best Paper Award for the WBI Journal International Review of Business Research Papers
Additional Information

Payment expert, expert for means of payment, payment economist  

Publications: Tobias Trütsch (