Further consolidation in mobile payments as leading Swiss banks and top retailers explore joint mobile payment platform
Switzerland's five biggest banks are discussing with top retailers a joint mobile payments platform for the country, the partners said on Wednesday. The talks with financial infrastructure group SIX and retailers Coop, Migros and Swisscom aim to create a standardised pan-Swiss digital payment system for consumers. A joint statement said the talks by banks UBS, Credit Suisse, PostFinance, Raiffeisen and ZKB should produce initial results by early May. Any platform would be open to other partners.