Record in Switzerland – what about Twint payments on holidays?

The plans were announced years ago, nothing happened until today. Payments with the app twins According to the company’s website, it is currently only available in Swiss francs and only in stores in Switzerland. The payments provider counted five million users for the first time in January 2023.

That means more than half of people living in Switzerland trust the app’s services, he says. Twin Speaker Ettore Trento. Transaction numbers are also at record levels. A total of 386 million payments in 2022 twins made.

Amazing with this success payment app does not work abroad. The Trento spokesperson assured them that they are working closely with providers from other countries on a cross-border and cross-currency solution. “We are currently unable to disclose a specific time horizon,” the spokesperson adds.

the company stops foreign target firmly

twins is one of the founding members. Europe mobile payments systems society (EMPSA), created in 2019. This organization is different payment apps from all over Europe. “The purpose is a interoperability To create these payment systems across national borders,” explains Trento. Switzerland stands for twin user Shop in other European countries, buy tickets for public transport or pay parking fees with the payment app.

This payment app It is not owned by a single bank, but by the largest Swiss banks UBS, Credit Suisse, Postfinance, Raiffeisen, Zürcher and Waadtländer Kantonalbank and the stock exchange operator. Six and payment processor Worldline.

Source :Blick