TWINT is astonished by the COMCO’s approach

Although the Competition Commission (COMCO) has not opened an investigation against TWINT, the premises of TWINT AG in Zurich were also searched on Tuesday.

The background to the investigation lies on allegations against banks regarding their behaviour towards other mobile payment systems (e.g. Apple Pay). No accusations have been made against TWINT by the Competition Commission, and TWINT is all the more surprised by the COMCO's action.

In addition, TWINT itself asked the COMCO some time ago to investigate discriminatory behaviour by Apple towards TWINT, because Apple prevents the trouble-free use of the TWINT app on IOS devices. A decision of the WEKO in this matter is expected shortly.

German Contact

TWINT Media Department
Stauffacherstrasse 31
8004 Zurich
+41 76 584 33 71
media.relations@twint.ch

French Contact

Marie-Hélène Hancock
Hirzel.Neef.Schmid.Konsulenten AG
Rue de Malatrex 50
1211 Genève
+41 79 204 21 22
marie-helene.hancock@konsulenten.ch

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