A digital currency with added value

The digital currency for a growing active community of SMEs and private individuals is pegged to the Swiss franc and can be exchanged back at any time. unyt creates more purchasing power for the Swiss population, because exchanging Swiss francs for unyt automatically gives you 5 percent more: 100 CHF simply becomes 105 unyt. The digital currency thus strengthens the local economic cycle and Swiss SMEs – and supports charitable projects with every payment.

Stability

The digital currency is pegged to the Swiss franc and remains stable. The WIR Bank guarantees that unyt can be exchanged back into Swiss francs at any time.

Increased purchasing power

With every purchase of unyt, the customer receives 5 percent more – CHF 100 becomes 105 unyt – the WIR Bank’s answer to inflation.

An ecosystem for strong SMEs

Every unyt user is automatically part of an active community. As a unyt provider, SMEs stand out from their competitors and gain new partners and customers.

Available anywhere via the app

unyt is mobile first, easy to use and always with you. Participants can only access the ecosystem, manage their credit balance and make payments via the app.

Payments and more

In addition to being used as a means of payment at all participating providers, unyt vouchers can be purchased and used for over 50 brands – with a 5 percent increase in purchasing power.

Pay and do good

With every transaction, a small amount is collected for charitable projects. The community decides which organizations the donations go to by voting.

Complete implementation by ti&m

unyt is an in-house development by ti&m and comprises the app for customers (private and corporate customers), a back-office website for bank employees and a microservice-based backend (Quarkus Framework). We were responsible for the overall architecture and the complete agile implementation of unyt: branding and design with an intuitive user experience, requirements engineering including security, software engineering, backend development, admin web UI and testing.

The app was developed with the cross-platform Flutter for Android and iOS. The solution is hosted and operated by ti&m to ensure monitoring, auditability and security. Our experts also support our customers with questions on data protection, compliance and the selection of suitable technologies and products to successfully implement the project. The growing requirements that a payment solution with its own currency entailed from a regulatory perspective were a challenge that we solved flexibly over the course of the project.

With the digital currency unyt and the app, we have developed a technological ecosystem that can be flexibly and easily expanded with new functions.

The app

In the wallet overview, each participant can see their current balance, buy and exchange unyt, and make and receive payments via QR codes. Vouchers can also be purchased and used to shop at over 50 brands. SMEs can export the transaction lists for their accounting in all common formats, so no additional software is required. Under “Find”, participants can see all the companies where they can pay with unyt. Users can invite new companies or private individuals and receive a bonus in order to expand the ecosystem organically.

CTO, Head of Agile Projects Zurich

Marius Matter

Rethinking banking with creativity and technology: let’s do it together!