Launch01 Sept 2026

Mastercard and PayInit put Swiss bank P2P transfers on card rails

Swiss card issuers get a shared platform for sending money by phone number or email, routed over Mastercard's money movement rails so transfers can reach recipients abroad as well...

Mastercard and PayInit put Swiss bank P2P transfers on card rails

What changed

Swiss card issuers get a shared platform for sending money by phone number or email, routed over Mastercard's money movement rails so transfers can reach recipients abroad as well as at home.

What merchants must do

None stated — verify against sources.