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.

Best of Swiss App

Every year an event takes place in Switzerland to evaluate the best Swiss Application developments. It is an initiative of Simsa (Swiss Internet Industry Association). Their goal is to create transparency whitin the Swiss App branch. They set quality standards and want to put gain more focus for the young, promising business sector. Best of Swiss App is one of the most acknowledged competitions in the field of App'onomy, which refers to the businesses which engage in application development. (Best of Swiss App, 2015)

Best of Swiss App: http://bestofswissapps.ch/media/cms_page_media/2014/8/13/bosa-logo-2014.jpg

This year UBS Paymit got elected to be the best Swiss Buisness App. It is a free application, which allows people to safely and quickly transfer money to friends and family throughout Switzerland. It doesn't matter at which bank you have your bank account, all you need is a smartphone. Paymit was developed by SIX, a company that engages in cashless payments for years. (Paymit, 2015) Paymit currently counts 130'000 downloads in Switzerland. (UBS, 2015)

UBS Paymit: https://microsites.ubs.com/paymit/files/UPM/assets/images/en/start/packshot_microsite_send-Screen_CHF32_en_@2x_R.png

More really innovative applications can be discovered on the ranking by Best of Swiss Apps.