|
Twint
Twint is a Swiss mobile payment system rolled out nation-wide in 2017. As of 2024, Twint has become ubiquitous in Switzerland, with practically all stores accepting Twint payments and nearly all banks taking part in the payment system. The app was developed by Monexio, a wholly-owned subsidiary of PostFinance, beginning in 2014. The first banks that cooperated in Twint were the Berner Kantonalbank and Valiant Bank in 2015, joined by the Basler Kantonalbank and Bank Cler in 2016. Twint had approximately five million users at the begin of 2023, out of the seven million adult population of Switzerland at the time. Company History Twint was created by Monexio AG, a company founded in July 2014 as a wholly-owned subsidiary of PostFinance. PostFinance Executive Board member Thierry Kneissler was appointed CEO, while Hansruedi Köng, CEO of PostFinance, became Chairman of the Board of Directors. The company became operational in August 2014. The Pretail, pre-launch of Twint took place ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Payment
Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device. Instead of paying with cash, cheque, or credit card, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In a developing country, mobile payment solutions can be deployed as a means of extending services of financial institutions to the community known as the "unbanked" or " underbanked", which is estimated to be as much as 50 percent of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bizum
Bizum is a payment service provider launched in 2016 as an initiative of the Spanish banking system. History Constituted on 27 June 2016, Bizum was jointly launched by 27 Spanish banking entities, including CaixaBank, BBVA, and Banco Sabadell. Originally an payment system between people (P2P), it later allowed transfers between people and e-commerce and institutions. Bizum joined the European Mobile Payment Systems Association in 2022. In 2024, it had 27.6 million active users. In 2024, Bizum also announced plans to launch Bizum Pay in 2025, allowing for NFC payments. In 2024, Bizum joined forces with Italy's Bancomat Pay and Portugal's MB Way to launch the European Payments Alliance (EuropPA), an agreement that enables inter-operability of payments among clients of Santander, ABANCA and Openbank in Spain, Italy, Portugal, and Andorra starting on 31 March 2025. Shareholders In 2022, the shareholding structure was as follows: * CaixaBank 24% * Santander 20.91% * Banco Sa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SIX Group
SIX is a key financial market infrastructure company in Switzerland. The company provides services relating to securities transactions, the processing of financial information, payment transactions and is building a digital infrastructure. The company name SIX is an abbreviation and stands for ''Swiss Infrastructure and Exchange''. SIX is globally active, with its headquarters in Zurich. Company history 1930: Foundation of Ticker AG and subscription to the ''new'' stock exchange Ticker AG in Zurich was founded with the purpose of transmitting stock market prices. It was the predecessor of Telekurs AG, which later merged with other companies to form SIX. With the opening of the new exchange, the ticker system also began to broadcast. This stock exchange ticker, one of the first on the European continent and a special application of the local telegraph, transmitted the Zurich stock exchange prices, the closing prices of other Swiss and important foreign stock exchanges in ita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zurich Cantonal Bank
Zurich Cantonal Bank (, or ZKB) is the largest cantonal bank and fourth largest bank in Switzerland, with total assets of over CHF 150 billion. ZKB, as an independent, incorporated public-law institution, is wholly owned by the canton of Zürich. Ultimate supervision of ZKB is the responsibility of the Cantonal Council of Zürich, whose duties are laid down in Zürich's Cantonal Bank Act. Under the law, the canton of Zürich bears responsibility for all ZKB's liabilities should the bank's resources prove inadequate. This cantonal guarantee acts as a stabilising force for the financial market as a whole, particularly in times of economic uncertainty. History The Zurich Cantonal Bank was founded in 1870 as "bank of the citizens of Zürich" following an initiative of Johann Jakob Keller (1823–1903), then member of the cantonal council of Zürich. The canton of Zürich provided the necessary endowment capital and appointed the senior governing bodies. The public service mandate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Zurich
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swish (payment)
Swish ( or ) is a mobile payment system in Sweden. The service was launched in 2012 by six large Swedish banks, in cooperation with Bankgirot and the Central Bank of Sweden. It had 8 million users as of July 2022 (total Swedish population: 10.2 million). Overview The service works through a smartphone application, through which the users' phone numbers are connected to their bank accounts, and which makes it possible to transfer money in real time, a few seconds until confirmation is received by both parties. The user must have a second mobile application called '' Mobilt BankID Säkerhetsapp'', which is an electronic identification issued by several banks in Sweden. This requires that the user has a bank account in a Swedish bank participating in the system, and also a national ID number. Users who have a Swedish bank account but no suitable phone can register for reception only of payments. The phone number can be of another country. The actual transfer is done by the Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mountain Hut
A mountain hut is a building located at high elevation, in mountainous terrain, generally accessible only by foot, intended to provide food and shelter to mountaineering, mountaineers, climbing, climbers and Hiking, hikers. Mountain huts are usually operated by an Alpine Club or some organization dedicated to hiking or mountain recreation. They are known by many names, including alpine hut, mountain shelter, mountain refuge, mountain lodge, and mountain hostel. It may also be called a refuge hut, although these occur in lowland areas (e.g. lowland forests) too. Mountain huts can provide a range of services, starting with shelter and simple sleeping berths. Some, particularly in remote areas, are not staffed, but others have staff which prepare meals and drinks and can provide other services, including providing lectures and selling clothing and small items. Permanent staffing is not possible above the highest permanent human settlements, which are 5500m at the latitude of Everes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition Commission Of Switzerland
The Competition Commission (COMCO) is the Swiss competition regulator. Created in 1995, the commission is subordinated to the Federal Department of Economic Affairs, Education and Research but operates independently. It is responsible for the enforcement of Swiss competition law (in particular cartel law). It is made up of twelve members (on a militia basis) and will employ around seventy people in 2023. Composition and organization Members of the Commission The members of COMCO are appointed by the Federal Council. It is composed of eleven to fifteen members. The Cartel Act stipulates that the majority of COMCO members must be independent experts. However, some members may be representatives of umbrella organizations. The members hold a militia position, i.e. it is not a full-time post, but the members carry out another activity in parallel (e.g. university lecturer). Commission members must, however, declare their interests. The umbrella organisations represented on th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
