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Swiss banks, retailers explore joint mobile payments platform

Swiss banks, retailers explore joint mobile payments platform

Postby smix » Thu Mar 31, 2016 12:50 pm

Swiss banks, retailers explore joint mobile payments platform
Reuters

URL: http://www.reuters.com/article/us-banks ... SKCN0WW101
Category: technologyNews
Published: Wed, 30 Mar 2016 10:19:40 GMT

Description: ZURICH (Reuters) - Switzerland's five biggest banks are discussing with top retailers a joint mobile payments platform for the country, the partners said on Wednesday. The talks with financial infrastructure group SIX and retailers Coop, Migros and Swisscom aim to create a standardised pan-Swiss digital payment system for consumers. A joint statement said the talks by banks UBS, Credit Suisse, PostFinance , Raiffeisen and ZKB should produce initial results by early May. Any platform would be open to other partners. PostFinance and SIX have already launched their own mobile payment systems, and development work would continue while the talks with other potential partners go on.
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