Swiss Banks Team with Italian Fintech for Card-Based P2P Transfers: PayInit AG's Big Swing
Everyone figured Swiss banks would stick to their fortified vaults of tradition. But PayInit AG flips the script, using Italian Opentech muscle for peer-to-peer card transfers.
⚡ Key Takeaways
- Viseca and Cornèr Bank launch PayInit AG with Opentech for card P2P transfers, filling Swiss market gap.
- OpenPay Send enables sends to cards, wallets, accounts worldwide using phone/email directories.
- Skeptical outlook: Boosts bank fees more than user savings; domestic win, global challenge.
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Originally reported by Finovate
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