trending Market Intelligence /marketintelligence/en/news-insights/trending/vh6sB5LIS_nM1k_CLjnkEg2 content esgSubNav
In This List

Apple to fix Apple Pay disruptions to Swiss payment app TWINT

Blog

Infographic: The Big Picture 2024 – Supply Chains Outlook

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Blog

Infographic: The Big Picture 2024 – Capital Markets Outlook


Apple to fix Apple Pay disruptions to Swiss payment app TWINT

Apple Inc. has agreed to provide a technical solution that would prevent mobile payment service Apple Pay from disrupting rival Swiss payment app TWINT AG, the Swiss Competition Commission, or WEKO, said Dec. 18.

The fix will allow TWINT to suppress the automatic launch of Apple Pay at point-of-sale terminals during payment transactions made using the TWINT app.

Following the agreement, the commission has decided to end its initial probe against Apple on the matter.

Separately, WEKO is probing Swiss financial companies such as Aduno Holding AG, Credit Suisse Group AG, PostFinance AG, Swisscard AECS GmbH and UBS Group AG over a suspected boycott of payment solutions offered by Apple and Samsung Electronics Co. Ltd.