The Swiss voice in the world since 1935
Top stories
Stay in touch with Switzerland

Big surge in use of Swiss payment app Twint

Person using Twint app in a store
Most Twint payments were made in physical shops. © Keystone / Christian Beutler

Digital payment app Twint saw 50% annual growth in traffic last year, recording 590 million transactions. 

This compares to four million transactions in the year Twint was launched in 2017. 

More

Transactions in high street shops have almost doubled compared to the previous year (+84 percent), Twint said in a media release on Monday. The vast majority of these happen at the supermarket checkout. 

Twint is accepted as a payment method by 77% of bricks and mortar shops and 76% of online shops in Switzerland. And the payment system now has “well over five million” active users. 

All in all, 72% of payments with Twint took place in retail, while 28% of transactions are money transfers between private individuals. 

For 2024, Twint plans to further promote its use in physical retail. This means that rummaging around for loyalty cards like Cumulus and Supercard should finally be a thing of the past. In more and more versions of the app, the customer card can be stored and presented directly during the payment process. 

Twint also wants to speed up payment at the checkout. In the future, users should be able to pay directly from the home screen or even from the lock screen of their smartphone. This eliminates the sometimes tedious task of unlocking the device. 

But only iPhone owners can look forward to this gadget: the so-called widgets (mini applications) will be gradually introduced for iOS smartphones over the course of the year. 

More


This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here

If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.

External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Daily news

Get the most important news from Switzerland in your inbox.

Daily

The SBC Privacy Policy provides additional information on how your data is processed.


Popular Stories

News

Federal Council and Parliament campaign in favour of abolishing the imputed rental value

More

Swiss government backs abolishing imputed rental value

This content was published on The abolition of the imputed rental value in federal tax is intended to reduce incentives for high private debt and simplify the tax system. On Friday, Finance Minister Karin Keller-Sutter spoke on behalf of the Federal Council in favour of Parliament's proposal.

Read more: Swiss government backs abolishing imputed rental value
Swiss economy barely grows in the second quarter

More

Swiss economy stagnates in second quarter

This content was published on After a strong start to the year, the Swiss economy has slowed considerably. In the second quarter, gross domestic product (GDP) rose by just 0.1 per cent on an adjusted basis compared to the previous quarter.

Read more: Swiss economy stagnates in second quarter
One-and-a-half-year conditional prison sentence for priest in Ticino

More

Swiss priest found guilty of child sex abuse

This content was published on The Ticino cantonal criminal court in Lugano has found a priest guilty of multiple sexual assault and sexual offences with minors. The man was sentenced to a conditional 18-month prison term.

Read more: Swiss priest found guilty of child sex abuse

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR