PRESS RELEASE
7 April 2026

Bär & Karrer Advises Viseca On Its Joint Initiative With Cornèr To Develop A Global P2P Money Transfer Solution

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Bär & Karrer

Contributor

Bär & Karrer is a leading Swiss law firm with more than 200 lawyers in Zurich, Geneva, Lugano, Zug, Basel and St. Moritz. Our core business is advising our clients on innovative and complex transactions and representing them in litigation, arbitration and regulatory proceedings. Our clients range from multinational corporations to private individuals in Switzerland and around the world. Most of our work has an international component. We have broad experience handling cross-border proceedings and transactions. Our extensive network consists of correspondent law firms which are all market leaders in their jurisdictions. Bär & Karrer was repeatedly awarded Switzerland Law Firm of the Year by the most important international legal ranking agencies in recent years.
Viseca Payment Services SA and Cornèr Bank Ltd. have teamed up to develop an industry solution for worldwide instant transfers between people based on payment cards. To this end, the two companies founded PayInit AG...
Switzerland

Viseca Payment Services SA and Cornèr Bank Ltd. have teamed up to develop an industry solution for worldwide instant transfers between people based on payment cards. To this end, the two companies founded PayInit AG, aimed at establishing an infrastructure for global P2P money transfers based on Mastercard and Visa payment cards. The new industry solution will enable customers of affiliated payment solution providers to send money from payment cards in Switzerland to other payment cards, wallets or bank accounts worldwide.

Bär & Karrer acted as legal counsel to Viseca in connection with the structuring and establishment of PayInit AG. The team included Daniel Flühmann, Marlene Lienau Schindler (both Corporate/M&A), Mani Reinert (Competition Law), Özden Omürcan (Notarial Services), as well as Markus Wang (IP/IT).

Contributor

Bär & Karrer is a leading Swiss law firm with more than 200 lawyers in Zurich, Geneva, Lugano, Zug, Basel and St. Moritz. Our core business is advising our clients on innovative and complex transactions and representing them in litigation, arbitration and regulatory proceedings. Our clients range from multinational corporations to private individuals in Switzerland and around the world. Most of our work has an international component. We have broad experience handling cross-border proceedings and transactions. Our extensive network consists of correspondent law firms which are all market leaders in their jurisdictions. Bär & Karrer was repeatedly awarded Switzerland Law Firm of the Year by the most important international legal ranking agencies in recent years.

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