Mobino will soon be available to customers of the Swiss payment system, Paymit. The partnership was announced during an industry event this week by Mobino CEO Jean-François Groff and Thomas Landis, head of Paymit’s Exploration Team.
Interviewed by ICT Journal, Groff said that his company had been in discussion with Paymit for awhile, helping develop “a Swiss standard for mobile payment.” The goal of the partnership is to create joint interfaces that will support P2P payments for users of both Mobino and Paymit apps.
From left: Mobino CTO Alvaro Fussen and CEO Jean-François Groff demonstrated Mobino Cash at FinovateEurope 2015.
Paymit launched its P2P payment service in Switzerland this spring, and by summer, it had been deployed by six banks. The technology enables anyone in Switzerland with a Swiss phone number to send and receive money via smartphone. Mobino Cash is a universal mobile payments technology that supports P2P money-transfers and e-commerce, and is easily integrated into POS systems for in-store use. Groff developed the technology in an effort to replicate the speed, directness, and anonymity of cash in a digital form. Talking about the technology in an interview with FutureBanking, Groff referred to the platform as “having an ATM in your pocket.” The agreement will enable Paymit users to access Mobino Cash via direct debit from their bank account.
Founded in 2011 and headquartered in Geneva, Switzerland, Mobino demonstrated Mobino Cash at FinovateEurope 2015. The company reports 20,000 users and 150 merchants are using the technology.