St. Galler Kantonalbank (SGKB) and SIX Payment Services have launched mobile payment solution mCashier in St. Gallen, Switzerland.

mCashier is a cheap and simple-to-use entry-level product for cashless payment and is especially suitable for smaller companies.

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It turns a smartphone or tablet computer into a secure mobile payment system, enabling customers to process payments securely and reliably anytime, anywhere.

The bank is now selling mCashier for the special price of CHF69. However, the price will increase to CHF 99 from 30 June 2015.

The fee per payment is 1.5% for debit cards and 2.5% for credit cards.

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