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TWINT

“Can a bank-consortium wallet remain Switzerland's dominant payment layer as Apple Pay, Google Pay and international BNPL entrants close in?”

Founded2016
HQZurich, Switzerland
IndustryFintech / Consumer banking
The story

TWINT was founded in September 2016 as a joint venture consolidating Switzerland's fragmented mobile payment landscape — merging the competing TWINT and Paymit systems under a consortium of Switzerland's largest banks and SIX. The company evolved from a bank-issued P2P and merchant payment app into Switzerland's de facto digital wallet, reaching 6 million active users. Recent expansion into BNPL ('Pay later') signals a move from pure payment rails into embedded consumer credit.

Last 12 months
—
Product timeline
2016
TWINT founded in September as a joint venture between Switzerland's biggest banks and SIX; merger with Paymit announced in December after ComCo approval.· banking
2017
Rollout of UBS TWINT, ZKB TWINT and the bank-independent TWINT prepaid app.· banking
2024
Launched 'Pay later' BNPL functionality in the TWINT app.· lending
2026
TWINT celebrates 10-year anniversary with 6 million active users, becoming Switzerland's most popular payment app.· banking
Regulated entities
1
regulatory licence held by TWINT
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in TWINT’s embedded-finance stack
Payments / PSP
TWINT (self-operated)
Banking / BaaS
in the full report
Lending
in the full report
Investing
in the full report
Spend / AP
in the full report
Accounting gap: minor
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

TWINT — frequently asked

What bank does TWINT use?

TWINT discloses TWINT AG (in-house) as its banking provider, according to the Embedded Finance Index 2026.

Is TWINT a bank?

TWINT does not disclose a bank charter of its own; its banking services are provided through TWINT AG (in-house).

Who is TWINT's payment processor?

TWINT processes payments through TWINT (self-operated).

Who powers TWINT's investing products?

TWINT's investing and wealth products are powered by guideline.

What is TWINT's embedded finance stack?

The Embedded Finance Index 2026 maps 5 layers in TWINT's stack: Payments / PSP (TWINT (self-operated)); Banking / BaaS (TWINT AG (in-house)); Lending (Pay later (BNPL, 30-day)); Investing (guideline); Spend / AP (trolley).

Where is TWINT headquartered?

TWINT is founded in 2016 and headquartered in Zurich, Switzerland.

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