Twint is launched

MOBILE PAYMENT On 03.11.2015 Twint launches with the national rollout, flanked by an advertising campaign. Twint can already be used in over 250 popular stores, at 1000 Coop checkouts, at the Stade de Suisse, at the SV Group, in the first post offices and in certain online stores. In order to quickly create a nationwide network for Switzerland's first cross-channel mobile payment solution, Twint is driving the national rollout together with its partners. Starting today, the payment and shopping app will be promoted for the first time as part of a national advertising campaign to acquire additional private customers.

Payments can now be made with Twint at 1000 Coop checkouts.Retailers rely on Twint - nationwide rollout in Coop supermarketsOver 1000 checkouts in Coop supermarkets are already equipped with Twint terminals. By the turn of the year, this figure will rise to 3000. Twint will be available in all Coop sales outlets in Switzerland by spring 2016 at the latest. The SV Group and Autogrill, among others, are on board in the food service sector.The Coop Group is also integrating Twint as a payment method in e-commerce. For example, Twint can be used at impo.ch can already be paid for conveniently using a smartphone. Other Coop Group e-shops, such as coop@home, will follow in the next few days. In addition, online retailers such as hair-shop.ch as well as foodarena.ch Twint integrated. Implementation in e-commerce is quick and easy thanks to the Datatrans connection and a plug-in for the most popular store systems.Swiss Post will be equipping the 80 largest post offices with Twint in the coming days. There - as well as in all other post offices and Coop branches - it will not only be possible to pay with the app, but also to buy and load Twint credit. SBB is also testing Twint at its ticket machines as part of a pilot project at Bern station.Simple and fast solution for smaller storesFor smaller stores and restaurants, Twint's low transaction fees make it an attractive payment solution that is easy to implement. Store owners register digitally, use the Twint merchant app or integrate Twint into their POS software. This is already possible today with Tcpos, Gastrofix, Panipro and Lime-tec. Others will follow in the coming weeks.As part of a pre-launch, more than 250 hip stores, restaurants and bars have now enabled a completely new shopping experience with Twint. The original target of 50 stores has been far exceeded. New acceptance points are being added daily. By the end of the year, there should be more than 1000 stores where people can pay with Twint.Twint becomes the banking standard in mobile paymentMeanwhile, Twint is enjoying ever broader support among the banks. After Berner Kantonalbank and Valiant Bank joined Twint in the summer, the cantonal banks in Thurgau, Schaffhausen, Graubünden and Geneva are now also using Twint. It is foreseeable that further partner banks will join Twint. Thanks to an end-to-end digital account connection, their customers can load funds onto the Twint app within seconds. Together with PostFinance, more than 4.5 million Swiss can already connect their bank account directly to Twint. For customers of the other banks, the account connection is made via direct debit.Twint is now also a P2P payment appJust in time for the rollout, Twint has expanded the functions of its app: as of today, Twint users can send money to each other in real time from smartphone to smartphone. Funds received in this way can be used immediately for shopping. Thanks to support from the banking sector, the first cross-bank P2P system is being created, enabling 4.5 million customers from seven banks to send money to each other via Twint within seconds.