Italian fintech Opentech will energy a brand new peer-to-peer cash switch answer below improvement by Viseca Cost Companies and Cornèr Financial institution.
Viseca and Cornèr Financial institution will leverage Opentech’s OpenPay Ship know-how, an all-in-one platform that orchestrates card-based transfers throughout a number of schemes and endpoints.
Opentech most just lately demonstrated its know-how at FinovateEurope 2026 in London. Stefano Andreani is Founder and CEO.
Viseca Cost Companies and Cornèr Financial institution have teamed as much as develop a brand new open trade answer for worldwide peer-to-peer cash transfers leveraging Mastercard and Visa fee playing cards. The brand new providing, PayInit AG, will streamline direct, cross-border transfers between people, enabling them to ship cash from their fee playing cards to different playing cards, digital wallets, and financial institution accounts.
The 2 firms can even create a recipient listing (alias listing) to permit finish prospects of collaborating card issuers and cell fee answer suppliers to ship cash straight to one another utilizing cellphone numbers or e-mail addresses from the listing.
“With PayInit, we’re creating the muse for worldwide P2P cash transfers based mostly on Swiss fee playing cards,” Viseca CFO and Chairman of the Board of Administrators of PayInit AG, Michael Walther, stated. “This closes an necessary hole within the Swiss fee card market and opens up new alternatives for the whole trade.”
To this finish, the 2 companies have chosen Opentech as their know-how associate for the mission. Opentech, which most just lately demoed its know-how at FinovateEurope 2026 in London, is a specialist in offering digital providers for banks and different monetary providers suppliers, and can carry its OpenPay Ship know-how to Viseca and Cornèr Financial institution’s new initiative. OpenPay Ship is an all-in-one cash switch answer that mixes cash motion and alias listing providers from main fee networks to ship a contemporary P2P and cross-border fee expertise for patrons. OpenPay Ship permits quick and safe cash transfers to billions of endpoints around the globe, together with financial institution accounts, playing cards, wallets, and cash-out areas.
“The mission of PayInit AG aligns completely with the core values of Opentech: making funds extra accessible, interoperable, and easier,” Opentech Chief Government Officer and Founder Stefano Andreani stated. “As a technological innovation driver by the OpenPay Ship platform, Opentech helps one other initiative that after once more demonstrates the Swiss monetary sector’s function as a world pioneer whereas creating real worth for all stakeholders.”
The business launch of the PayInit AG answer is slated for the tip of 2026. The collaboration comes months after Viseca and Opentech introduced a strategic partnership designed to ship new cross-border, peer-to-peer cash switch choices for the Swiss market.
A Finovate alum since 2013, Opentech helps digital transformation for banks and card issuers with safe, compliant, and scalable fee options. Most just lately, at FinovateEurope 2026, the corporate demonstrated how its OpenPay for Retailers (O4M) answer embeds Purchase Now, Pay Later performance straight into the service provider digital channels, throughout service provider apps and checkout journeys. O4M boosts conversion and engagement for retailers, and gives banks with a distribution channel to ship shopper financing choices to pre-engaged prospects in the mean time of buy. Based in 2003, Opentech is headquartered in Rome, Italy.
Viseca is a product and repair supplier within the cashless funds subject, issuing each fee playing cards by way of Viseca Card Companies and offering providers to help the cardboard enterprise for issuers by way of Viseca Cost Companies. Based in 1999 and headquartered in Zurich, Switzerland, Viseca is owned by main Swiss and cantonal and retail banks, together with all cantonal banks, the Raiffeisen Group, Entris Banking, Migros Financial institution, Financial institution Cler, regional banks, and personal/business banks.
Based in 1952, the Cornèr Group is a non-public and impartial Swiss banking group that provides the providers of a common financial institution. These providers embrace non-public banking, credit score financing, credit score and pay as you go playing cards (Visa, Mastercard, and Diners Membership below the Cornèrcard model), and on-line buying and selling (Cornèrtrader). The group consists of father or mother firm Cornèr Financial institution AG in Lugano, Switzerland, in addition to its subsidiaries Cornèr Financial institution (Abroad) Restricted, Cornèr Europe AG, Finpromotion SA, and Allegra Vermögensverwaltungs AG.
Photograph by Henrique Ferreira on Unsplash
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