Tuesday, December 15, 2015

TWINT - The digital wallet of Switzerland

After we have written about UBS paymit it's time to introduce another treasure on the Swiss App Market: TWINT, the digital wallet of Switzerland. It is supposed to create a new shopping experience in the country, super easy and quick.

TWINT was founded in 2014 with the goal of creating a digital wallet for use in Switzerland. It is a subsidiary of PostFinance. TWINT, just like UBS paymit offers to submit and receive money from friends easily. Additionally you can upload as much credit as you want on your smart phone, what a great way to always have your wallet with you! Berner Kantonalbank and the lilac Valiant Bank have both jumped on the train and decided to use TWINT. Their customers will soon have the possibility to link their accounts directly to the TWINT app. (TWINT, 2014)

We are both very curious to see how the market of mobile payments will develop in the future and how we'll get used to this new means of payment.

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