0
Wireless

Swiss banks having another go at mobile payments with relaunch of Twint

Monday 1 May 2017 | 15:45 CET | Author: Marion ter Welle | Background
Interactive webinar: Vodafone Ziggo deep dive. What is the strategy for the coming years? Where does it stand in relation to its competitors? Join us on January 21st 14:00 CET for a professional profile of VodafoneZiggo in 45 minutes. Register here ...
In September 2016 Swiss mobile payment systems Paymit and Twint were given clearance to merge. In April 2017 the new Twint app was relaunched, after the two parties agreed in May 2016 to merge. Paymit was originally set up by the banks and finance company Six, while the Postfinance was behind Twint. In light of the increasing competition on the mobile payment market, especially after the introduction of Apple Pay in July 2016, the two schemes decided to combine their forces.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / Credit Suisse / Swisscom
Countries: Switzerland
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Swisscom's SMS fare payment service falls under the Anti-Money Laundering Act

Published 09 May 2018 09:15 CET | Switzerland
Swisscom's SMS service for paying the night surcharge for Zurcher Verkehrsbund (ZVV) local public transport fares on one's ...

Swiss mobile payments provider Twint reaches 500,000 users

Published 01 Nov 2017 16:28 CET | Switzerland
Swiss mobile payments provider Twint has reached 500,000 customers. To mark the milestone, it rewarded the half millionth ...

Swiss retail has great potential for mobile payments

Published 14 Jul 2017 10:43 CET | Switzerland
According to a survey by Deloitte, the Swiss retail sector may rely on the growing trend for mobile payments and use of mobile ...

Four more Swiss banks launch apps for Twint payment

Published 31 May 2017 12:40 CET | Switzerland
Four more banks have launched their own apps supporting the Swiss mobile payments Twint. The free apps are available from ...

First Data, Flywire enter deal on payments

Published 02 May 2017 21:29 CET | World
First Data, a specialist in commerce-enabling technology, and Flywire, a provider of international payment products, entered into ...





Calendar   /   Industry Events

19 Jan Netflix Q4 2020
19 Jan Telefonica Germany Strategy Update
21 Jan Intel Q4 2020
21 Jan Modern Times Group EGM
::: More Calendar Items