Swiss Bank UBS says Apple Pay ‘coming soon’ after compelling competing service

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The largest Swiss Bank, UBS, says Apple Pay is ‘coming soon.’ The bank had for years refused to adopt a platform, instead compelling Twint, a home-grown mobile wallet use upheld by 15 Swiss banks …

UBS announced a news in a twitter and Facebook post, conjunction of that gives any serve information.

However, MacPrime reports that other tweets from a bank advise Apple Pay will go live within a subsequent few weeks. The site also links to an progressing square explaining a credentials to a decision.

Apple Pay initial came to Switzerland behind in 2016, though during a time there were 3 competing mobile wallet services charity by internal banks: Paymit, Tapit and Twint. Most wanted to hang to their possess elite platform. These were after all combined into Twint.

The outcome was that Apple was usually to convince one bank to adopt it directly. Several other banks hedged their bets by charity support by an association, though not directly. Other banks after assimilated gradually and half-heartedly.

After a already discreet Swiss start, there were usually occasional new financial institutions that upheld Apple Pay. The initial were a Graubünden. The Graubünden cantonal bank took in Aug 2016 an Apple Pay-compatible label on a offer. It was a prepaid label from Swiss Bankers, and a remaining GKB credit cards were still not concordant with Apple Pay.

Linth assimilated in Oct 2016. Like a Graubünden Cantonal Bank, Linth also used cards released by an existent Apple Pay partner. Other cards charity by Linth were also not concordant with Apple Pay.

There was good wish when in autumn 2016, a Credit Suisse auxiliary Swisscard AECS announced support for Apple Pay – though this too was singular to a name set of cards: usually a “charge” cards from American Express, a “Miles More” Swiss airline label and s Swiss Card MasterCard.

However, a preference by many banks to support Twint though not Apple Pay and other competing mobile wallet services resulted in an antitrust review in 2018. More banks afterwards started charity support for Apple Pay, with usually a few holdouts now remaining.

UBS was a biggest of these, so now many Swiss adults will have entrance to Apple Pay.

Earlier this month, Apple Pay was extended to Volksbank and Raiffeisenbank business in Germany.

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