Payment eco-system

The future of payment processes and hence of the entire payment ecosystem is automated and smart. Technologies and trends, such as blockchain and the Internet of things (IoT), play a key role. IoT makes it possible to provide digital information, collected via sensors in real life, that can be used for new applications and processes. 

Smart objects as the basis for the IoT

It is based on things which are made smart through the installation of microchips and sensors so that they can coordinate by themselves with other things and computers via the internet without human intervention. Intelligent objects transmit data and make and settle payments autonomously. Automated payment and billing modules that are integrated into hardware, and objects authorized to carry out payments are paving the way for new business models. The secure transmission and storage of data is a key element.

Potential for new business models

IoT can be used to align existing processes by means of digitization to create a form of organization which learns and continually improves. Data platforms are fed with information via IoT. On the basis of data science, this enables new data-based products and services to be developed and even new business models to be created.

IoT: growth rates of 30 percent

The IoT trend is continuing relentlessly. Estimates indicate there are now 50 billion IoT devices worldwide. The level of expenditure and investment on IoT in Switzerland is equally high. A growth rate of 30 percent is anticipated over the coming years.

Facilitating payments: the example of Ormera

In payment transactions, the aim is to make faster, more secure payment options available using IoT. An example of this is Ormera: the joint initiative of PostFinance and the energy company Energie Wasser Bern (ewb) makes billing easier for property owners who charge their tenants for the electricity generated by their solar systems and also feed it into the grid. The ‘intelligent’ part of this IoT project is the smart meters which are used as electricity meters and measure all power generation and consumption data and send it to the Blockchain where it is stored and used for billing purposes. This relieves providers of the arduous task of working out billing based on power that is self-generated, consumed and obtained from the grid.


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