Valora gets into business with Twint

After years of negotiations, Swiss retailer Valora is getting into business with payment app Twint.

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This writes the Handelszeitung in its current issue. "We will replace our payment terminals in all sales outlets in Switzerland from summer 2019 and activate Twint on these terminals thereafter - at the end of 2019 / beginning of 2020," confirms Roger Vogt, CEO of Valora's retail business.

Twint acceptance will initially be limited to the more than 1000 Swiss retail outlets of Valora's K Kiosk, Press & Books and Avec formats. The 90 or so Swiss outlets of the Brezelkönig, Caffè Spettacolo and Backwerk formats are to follow at a later date, which has not yet been determined.

Vogt explains the successful outcome of years of negotiations with Twint as follows: "It was always important to Valora that no exclusive and costly IT installations and program interfaces had to be implemented at the point of sale for a new solution". Since the payment provider is now offering a solution without the Twint beacon, this can be integrated into the new terminals. 

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