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