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New Swiss service getting ready to challenge Apple pay

Local News // Sept. 5, 2016
New Swiss service getting ready to challenge Apple pay

A new Swiss service for consumers to make payments through their mobile phones is getting ready to challenge Apple pay.

Apple mobile payment and digital wallet service was predicted to alter the retail world by making the physical wallet obsolete.

In Asia and some other regions there already are competitors using more advanced technology than Apple's.

In Switzerland, the new service is being prepared to launch in early 2017 and is the result of a merger between TWINT Ltd. and Paymit, two leading Swiss companies for enabling mobile payments.

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