Switzerland · Mobile Payment + QR · Est. 2014
Switzerland's dominant mobile payment app for P2P transfers, in-store QR payments, and e-commerce checkout, used by 5M+ Swiss residents (over half the population). Operated by TWINT AG — a joint venture of major Swiss banks (UBS, Credit Suisse/UBS, ZKB, Raiffeisen, PostFinance) and SIX Group — it works through individual bank apps or the standalone TWINT app. Unlike card networks, TWINT settles directly between bank accounts with low merchant fees. It has become Switzerland's answer to mobile payment systems, competing with Apple Pay and Google Pay in the Swiss market.
TWINT is Switzerland’s real-time payment system (Mobile Payment + QR), launched in 2014. Switzerlands dominant mobile payment app for P2P transfers, in-store QR payments, and e-commerce checkout, used by 5M+ Swiss residents (over half the population).
TWINT processed 500.0 million transactions worth $49.7bn in 2025, a year-on-year change of +25.0%.
TWINT is operated by TWINT AG, with near-instant settlement.
TWINT launched in 2014, and today has 7 participating institutions.
TWINT supports QR code payments, digital wallets, proxy/alias lookup, request-to-pay.
Data source: TWINT AG.
| Capability | Status |
|---|---|
| QR Code Payments | ✓ |
| Wallet Support | ✓ |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | — |
| Request to Pay | ✓ |
| Open API | ◐ |
| Alias/Proxy | ✓ |