> 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),

> 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.