Six Group, UBS, and Zürcher Kantonalbank (ZKB ) have launched a person-to-person (P2P) money transfer application called Paymit, which is available to anyone in Switzerland with an Android or iOS handset and a Swiss mobile phone number. The app can stand alone or be integrated into an existing mobile banking application. Since May 2015, the Paymit application has been downloaded by more than 100,000 consumers. All Paymit transactions are processed by Six Group, which is owned by over 140 banks in Switzerland. UBS is the country’s largest payment card issuer, and ZKB is largest of Switzer...