Cooperation with Swissbilling
Twint equips payment app with new functions
Twint wants to win new customers. The payment app announces which new payment options are planned for summer 2023.
Practical: “Twint” your purchase if you don’t have enough cash.
Twint wants to work with the consumer credit bank Cembra in the future. From summer 2023, invoice purchase solutions are to be integrated into the Swiss payment app.
Twint and Swissbilling, Cembra’s subsidiary specializing in invoice purchase solutions, have agreed to work together, according to a joint media release on Friday. The payment options are to be “expanded” and so payment will become even more “flexible” for Twint users.
The launch of a digitally integrated payment solution from TWINT and Swissbilling is planned for summer 2023.
Over four million Twint users
With Twint you can pay in many shops, but also privately among friends “transfer” small amounts easily in real time. The payment solution belongs to the largest Swiss banks – including UBS, Credit Suisse, Postfinance – and the financial service provider SIX, and has more than four million users, according to the information.
The Cembra subsidiary Swissbilling was founded in Lausanne in 2011. The company is a successful example of a fintech and has established itself on the Swiss market as a provider of invoice purchase solutions. Such solutions can be purchase on account or installment purchase, or also include the financing of purchases. According to the information, Swissbilling supports more than 900 dealers in Switzerland. In 2017 Swissbilling was bought by Cembra. (SDA/uro)