SIX Payment Services (SIX) and Payment Services Austria GmbH (PSA) will continue their successful cooperation in the settlement of debit card transactions.
SIX, UBS and Zürcher Kantonalbank are to launch a new P2P payment app, Paymit, that enables users to to request and make payment transfers by smartphone across Switzerland from the end of May.
Christian Katz, Division CEO Swiss Exchange, has decided to leave SIX. His decision is based on diverging views on the strategic direction and on the further development of the business area Swiss Exchange.
Thanks to mCashier, a new mobile payment solution from SIX for smartphones and tablets, the people of St. Gallen will soon be able to make more cashless purchases.
Niklaus Santschi has decided to leave SIX in order to pursue a new professional direction. He was placed in charge of the business area Payment Services in October 2011.
Swiss financial infrastructure provider SIX Group is running a weekend hackathon with a view to acquiring new talent ahead of the launch of a fintech incubator in May.
SIX achieved excellent results in the 2014 financial year. All four business areas boosted their earnings, with some of them increasing their profits significantly.
A new non-profit programme offering fintech startups free access to data feeds and APIs from providers such as Thomson Reuters and Xignite is gearing up for launch later this month.
In response to banks' demand, SIX is to establish a central trade repository for derivative transactions in Switzerland.
As the specialist of cashless payment solutions, SIX Payment Services saw online transaction volumes rise in 2014 alongside constant increases in traditional card payments using credit and debit cards at the point of sale (POS).
© Finextra Research 2015