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Report: Swiss lenders, retailers in talks to launch digital payments platform

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Report: Swiss lenders, retailers in talks to launch digital payments platform

UBS GroupAG, Raiffeisen GruppeSwitzerland, CreditSuisse Group AG, Zürcher Kantonalbank and said March 30 that theyare in talks with SIX GroupAG and several Swiss retailers regarding the launch of a digitalpayment system, Reuters reported the same day.

The discussions between the lenders and Coop, Migros andSwisscom could lead to initial results by early May, the newswire added. SIXGroup and PostFinance have already set up digital payment platforms, the reportnoted.