TWINT lays foundation for new solution
On Sunday 2 April 2017 the technical infrastructure of the new TWINT payment system was launched. With this basis now in place, the TWINT apps for Swiss banks will follow gradually from April 2017.
The first step for the new TWINT has been taken: the new payment system, which marks the completion of the merger between TWINT and Paymit, has been active since Sunday 2 April 2017. Over the coming weeks, the Swiss banks will make their own TWINT apps available independently of one another and link up to the system. Bank clients will be able to connect the TWINT app of their principal bank directly to their bank account, meaning it will no longer be necessary to top up credit and payments can be debited conveniently via the bank account. The first bank apps (UBS TWINT and ZKB TWINT), will be released in April. In May/June, the apps for BCV (Banque Cantonale Vaudoise), Credit Suisse, PostFinance and Raiffeisen will follow.
SIX also offers several solutions for processing TWINT payments: It’s easy to integrate TWINT into your payment terminal, e-commerce, or cash register (by using the Beacon add-on).