Twint rival launches

A Swiss-made rival to Twint has officially launched.

PimPay hopes to win over small businesses by replacing percentage-based transaction fees with a flat monthly subscription between zero and 29 francs, depending on the number of transactions. 

Merchants say it could make a real difference on low-value purchases, where card and Twint fees eat into already slim margins. 

Like Twint, PimPay uses QR codes and also allows free money transfers between users within Switzerland.
 

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