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Yes. In Switzerland it's Twint. It's easy to use, instant and free for the user. It started out as an easy way to move small amounts of money around among famil

Yes. In Switzerland it's Twint. It's easy to use, instant and free for the user. It started out as an easy way to move small amounts of money around among family and friends without the hassle of doing a bank transfer. Now large grocery stores and online shops support it too. I don't see it overtaking the whole payment market because of the exclusivity to Switzerland. It'd be great if something like Twint would exist but usable and prevalent all over the world.

jagrsw 5y ago
> free for the user Overall it's not free, the receiving party will still pay the fee (so, probably not that different from Debit/Credit Cards for merchants), and shops might increase the price preemptively to account for that. See this drama for more: https://www.twint.ch/en/press/digitec-galaxus-spreading-false-information https://www.twint.ch/en/press/digitec-galaxus-spreading-fals... PS: However, it's probably free for user2user payments, using phone no as identifiers. And it's useful to settle lunch debts among friends. I guess they (banks) want users to install twint apps for that, make it then easy to pay at businesses.