Swiss banks, retailers to launch mobile payments platform for shoppers

May 27, 2016 8:47 AM

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ZURICH May 27 Switzerland's five biggest banks and some of the country's main retailers will launch a digital payments system later this year enabling consumers to pay for goods by mobile phone and other digital devices, the companies involved said on Friday.

Supermarket chains Coop, Migros and telecom operator Swisscom are participating in the scheme, which will be open to other retailers as well.

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