P2P-Payment-App “Paymit” for Switzerland

SIX Payment Services is launching a new Peer to Peer (P2P) Payment App together with two Swiss banks (Zürcher Kantonalbank and UBS) in Switzerland. With Paymit, users can make or receive payments through their mobile phone – quickly, easily and securely. Thus, SIX and the participating banks offer a comfortable alternative to payments that are still very often made by cash.  

With Paymit, a combination of the words ‘Payment’ and ‘Transmit’, SIX Payment Services is offering the first Peer to Peer (P2P) Payment-App in Switzerland that is based on an open payment standard. Paymit can be used in Switzerland for payments, regardless if the customer is a client of Zürcher Kantonalbank, UBS or any other Swiss bank. The concept of an open infrastructure will support the rapid spread of Paymit. In addition to UBS and ZKB, four more Swiss banks Banque Cantonale de Genève (BCGE), Banque Cantonale Vaudoise (BCV), Luzerner Kantonalbank (LUKB) and Raiffeisen will offer the peer-to-peer (P2P) payment solution «Paymit» of SIX nationwide.

Product website www.paymit.com

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