Achiko relies on Sonect to gain a foothold in the Swiss market


Achiko and Sonect signed a Letter of Intent to cooperate and further accelerate their joint efforts to deliver state-of-the art payment solutions to the Swiss market.


Sonect, a leading provider of consumer payment solutions in Switzerland, and Achiko, one of Asia’s leading payment platforms, will connect their respective technologies to provide innovative and forward-looking payment solutions to the Swiss market. This initial milestone will allow Achiko’s endusers to withdraw cash at more than 2300 Sonect shops in Switzerland. Further integration will allow Achiko to target close-knit communities outside Switzerland with a comprehensive range of specific financial services. Those services will be connected to the cash world, through Sonect’s extensive network, ultimately setting a new benchmark in terms of functionality and consumer engagement.

Sandipan Chakraborty, Chief Executive Officer and Founder of Sonect, commented: “This exciting partnership represents first an important opportunity for Sonect in Switzerland, paving the way for broader exposure of our brand and further adoption of our services in our domestic market, ahead of our expansion abroad. Looking then at Achiko’s pipeline, and the impending launch of brand new functionalities, there is also a strategic dimension to this cooperation that goes beyond its mere commercial initial aspects. This cooperation will lead to further value for our respective customers over the next few months attached to the rapid expansion of Achiko in Switzerland and beyond.”

“We are excited with the partnership between Achiko and Sonect”, says Christopher Young, Chief Operating Officer of Achiko Ltd. “This represents a significant step for Achiko as it allows us to strengthen our presence in Switzerland and makes way for expansion on a global scale. Our cooperation with Sonect will help us create the most compelling digital local communities, empowering their members to connect and engage, through the use of tailor-made digital financial services.”

(Press release / SK)