TWINT and Cembra’s subsidiary Swissbilling agree on partnership

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Zurich TWINT, the leading Swiss payment app, and Swissbilling, the Cembra subsidiary specialised in pay by invoice and billing solutions, have laid the foundation for a collaboration.

Metadata

Provider:

EQS

Retrieved on:

Friday, September 23, 2022

Information

Tags:

Cembra, Smartphone, BCV, Graubündner Kantonalbank, Banque cantonale vaudoise, TWINT, Bloomberg, SIX Swiss Exchange, Credit Suisse, Solution, Friends, Lmg-Pist 41/44, Insurance, Supermarket, SIX, UBS, Online shopping, MSCI

Geotags:

SCHWEIZ, SWITZERLAND

⚠ generated by AI ↴

Organisation:

CEMBRA MONEY BANK AG

Stock Symbol:

ISIN:CH0225173167

Summary

Key Points:

Zurich TWINT, the leading Swiss payment app, and Swissbilling, the Cembra subsidiary specialised in pay by invoice and billing solutions, have laid the foundation for a collaboration.
The Swiss payment app TWINT simplifies the lives of over 4 million users every day and has become an indispensable payment method in Switzerland.
Through a collaboration with Swissbilling, Cembra's subsidiary specialised in pay by invoice and billing solutions, TWINTs payment options will be expanded and made more customisable.
The launch of the digitally integrated payment solution from TWINT and Swissbilling is planned for summer 2023.

Cembra Money Bank AG

/ Key word(s): Miscellaneous

TWINT and Cembra’s subsidiary Swissbilling agree on partnership

23.09.2022 / 07:01 CET/CEST

Zurich – TWINT, the leading Swiss payment app, and Swissbilling, the Cembra subsidiary specialised in pay by invoice and billing solutions, have laid the foundation for a collaboration. As a result, TWINT users will benefit from more payment options.

The Swiss payment app TWINT simplifies the lives of over 4 million users every day and has become an indispensable payment method in Switzerland. Through a collaboration with Swissbilling, Cembra's subsidiary specialised in pay by invoice and billing solutions, TWINT’s payment options will be expanded and made more customisable.

The launch of the digitally integrated payment solution from TWINT and Swissbilling is planned for summer 2023.

Contacts
Media	Nicole Bänninger, Head Corporate Communications Cembra,
	+41 44 439 85 12, [email protected]

	Ettore Trento, Senior Manager Media Relations & Storytelling TWINT,
	+41 58 510 88 40, [email protected]

Investor Relations	Marcus Händel, Head Investor Relations & Sustainability Cembra,
	+41 44 439 85 72, [email protected]

About Cembra

Cembra is a leading Swiss provider of financing solutions and services. Our product range includes consumer credit products such as personal loans and auto leases and loans, credit cards, the insurance sold in this context, invoice financing, and deposits and savings products.

We have over 1 million customers in Switzerland and employ around 1,000 people from 42 different countries. We have our headquarters in Zurich and operate across Switzerland through our network of branches and our online distribution channels, as well as our credit card partners, independent intermediaries and car dealers.

We have been listed as an independent Swiss bank on the SIX Swiss Exchange since October 2013. Cembra is rated A– by Standard & Poor’s and is a constituent in the MSCI ESG Leaders Indexes as well as in the Bloomberg Gender Equality Index.

About Swissbillling

Founded in 2011 in Lausanne, Swissbilling is an example of a successful fintech company and has become one of the leaders in the Swiss market for online and offline invoice financing and billing services. The company serves more than 900 merchants in Switzerland. In 2017, Swissbilling was acquired by Cembra.

About TWINT

Make convenient and secure payments with TWINT using your smartphone: pay at the cash register in supermarkets, in online shops, when shopping at farm shops, on public transport, when parking, or transferring money to your friends. With over four million registered users, TWINT is the leading payment app in Switzerland. TWINT AG belongs to Switzerland’s biggest banks: BCV (Banque Cantonale Vaudoise), Credit Suisse, PostFinance, Raiffeisen, UBS, Zürcher Kantonalbank as well as SIX and Worldline.

End of Media Release

Language:	English
Company:	Cembra Money Bank AG
	20 Bändliweg
	8048 Zürich
	Switzerland
Phone:	044 439 8111
Internet:	https://www.cembra.ch
ISIN:	CH0225173167
Valor:	A1W65V
Listed:	SIX Swiss Exchange
EQS News ID:	1448791


End of News	EQS News Service

1448791 23.09.2022 CET/CEST