SIX Payment has unveiled the yoximo mobile payment terminal for cashless payments in Switzerland, which is said to be the first payment terminal in Switzerland to switch automatically between a mobile and Wi-Fi connection.

Designed to offer improved and secure payment option to its users, the company claims that it will offer faster payment processing.

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The company said that Swiss consumers will soon be able to make payments through yoximo in many taxis, restaurants and retail stores. This has been in the offing ever since the successful pre-sale campaign commenced in January 2014.

yoximo mobile payment terminal will be rolled out across Europe, replacing the widely used xentissimo model.

SIX Payment Services supports financial institutions in end to- end processing of their card and interbank payments.

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