Compliance obligations connected to a Swiss acquiring license

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Author (Corporation)
Publication date
2022
Typ of student thesis
Bachelor
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11 - Student thesis
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Hochschule für Wirtschaft FHNW
Place of publication / Event location
Basel
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Abstract
While the Swiss intermediary sells and onboards terminals independently, it does not have its own acquiring license. It therefore only acts as an acquiring "sales agent" on behalf of its German parent company. This setup creates several disadvantages compared to local Swiss competitors, because BaFin is imposing a very strict legal framework on acquirers, such as the necessity of adhering to AML laws. This is not the case in Switzerland: Acquirers in this country are exempt of the AML-duties. The different kind of license leads to worse sales conversion rates and longer onboarding times.
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330 - Wirtschaft
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Language
English
Created during FHNW affiliation
Yes
Strategic action fields FHNW
Publication status
Review
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Citation
SIEBER, Stefanie, 2022. Compliance obligations connected to a Swiss acquiring license. Basel: Hochschule für Wirtschaft FHNW. Verfügbar unter: https://irf.fhnw.ch/handle/11654/41482