Postfinance and Swissquote To Jointly Launch Digital Banking Application

PostFinance and Swissquote will jointly launch a digital banking app scheduled for the first half of 2021.

The two entities have collaborated on online trading for several years and have now extended their partnership with this collaboration and have reportedly signed a letter of intent.

The transaction still has to go through the usual official approval process. Further details will be released when a concrete range of services is ready to be launched on the market.

At the beginning of September 2020, PostFinance had announced its intention to launch a new service for “Banking and Beyond” geared entirely to the digital world over the course of the coming year. Digital banking has also been a key element of Swissquote’s strategy.

Work on the app has been underway for some time. It will now be further refined as part of this joint venture.

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