Swissbilling has announced a partnership with mobile payment provider TWINT to enable additional app-based payment options.

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Fintech based in Switzerland and subsidiary of Cembra Swissbilling announced a partnership with a mobile payment provider TWINT to enable additional app-based payment options.

The companies claim that the cooperation will expand TWINT’s payment options and make them more flexible. The launch of the digitally integrated payment solution from TWINT and Swissbilling is planned for the summer of 2023. However, what the payment options mentioned in the press release will look like has not yet been revealed.

Cembra is a provider of financing solutions and services, including consumer credit products such as personal loans and auto leases, as well as credit cards, bill financing, deposits and products savings. The company has more than one million customers in Switzerland and employs around 1,000 people from 42 different countries. They operate throughout Switzerland through their network of branches and online distribution channels, as well as their credit card partners, independent intermediaries and car dealerships. It has been listed as an independent Swiss bank on the SIX Swiss Exchange since October 2013.

What does Swissbilling offer?

Swissbilling is a fintech company that offers online and offline bill financing and billing services. The company serves more than 900 merchants in Switzerland. In 2017, Swissbilling was acquired by Cembra. The fintech offers solutions with which users can aim to increase sales and liquidity. These solutions include purchase on account, installment purchase and factoring.

They also offer Pay Point Printer, which allows a fixed purchase on invoice without waiting for “Purchase in store on invoice”, for example, means that customers can pay for the purchase or the services they use by invoice for up to one month. later. This is done via factoring, which means that customers can submit invoices or cash items created to Swissbilling as a factor, which they then fund in advance.

Twint Solutions

TWINT offers secure smartphone payments, which allow users to pay at the checkout in supermarkets, online shops or on public transport, among many other options. The mobile payment provider has more than one million registered users and is owned by Swiss banks Banque Cantonale Vaudoise (BCV), Credit Suisse, PostFinance, Raiffeisen, UBS, Zürcher Kantonalbank as well as SIX and Worldline.

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Elaine R. Knight