The Discover® Network increases its acceptance in Switzerland
In collaboration with Payrexx, an established Swiss payment provider, the Discover® Network is expanding its acceptance in Switzerland, allowing cardholders to shop with over 6,000 Payrexx-Comerciante.
Sheila
Matti
The Discover Network offers its customers a global reach: the payment network, headquartered in the USA, offers its cardholders acceptance in over 200 countries and regions. It is considered the fastest-growing global payment network in the world*. And thanks to Payrexx, this acceptance is now also increasing in Switzerland.
The payment provider based in Thun is firmly anchored in the Swiss market. Over 60,000 Comerciantes worldwide trust Payrexx — including large corporations as well as local SMEs, non-profit organisations, and start-ups. The Discover Network will use this foundation as a springboard to establish itself further in Switzerland.
«The collaboration with Payrexx enables our cardholders to use their Discover Network cards when shopping in Switzerland. This benefits not only Discover cardholders, but also our Diners Club and Network Alliance cardholders, as it further expands the Discover Network to Comerciantes.»
Rajiv Gupta
Vice President of International Markets at Discover
Additional benefit, no effort
The Discover Network comprises a wide range of credit and debit cards with over 345 million cardholders worldwide** and a volume of over 589 billion US dollars in 2023. It includes well-known options such as Diners Club International® and Discover Card, as well as strategic alliances with over 25 national schemes such as Troy from Turkey, Elo from Brazil, and RuPay from India. With the support of Payrexx, Swiss Comerciantes now have access to this strong global market.
«The partnership with the Discover Global Network is a win for Payrexx in many ways. It strengthens our position as the leading payment provider for SMEs in Switzerland and also expands the payment options for our Comerciantes.»
Ivan Schmid
Founder and CEO of Payrexx
The Discover Network offers online Comerciantes numerous benefits: they gain access to a new global customer base, which increases their reach and indirectly grows sales. Comerciantes also benefit from the loyalty that Discover Network users are known for. At the same time, they can offer their buyers more flexibility in payment options.
The integration of the Discover Network into Payrexx's software is a multi-step process. In 2024, the new payment method was already activated for 6,000 Comerciantes, with further roll-outs and enhancements planned for 2025. For the Comerciantes, this means no additional effort or cost: they do not have to do anything and do not pay extra for the additional service. Instead, they benefit immediately from all the advantages of the Discover Network.
* Based on Network Alliance agreements signed over the last 14 years with major payment networks in respective countries — Panoramic Research study, conducted in 2022. ** Based on data provided to Discover by network alliance participants and other third-party sources; as of December 31, 2023.
