Wirecard's boon underway to Becoming a Challenger Bank

The German FinTech Wirecard seesbig for their boon app. This once payments-focused service will soon be enabling access to a wider range of banking services.

New features for boon:
- Opening a payment account,
- PFM,
- Money transfer,
- Contactless payments using a smartphone or companion MasterCard card.
This new offer called boon Planet would be scheduled to launch next October, following a pilot phase in Germany.
Later on, boon will be including insurance options (for products purchased through boon) as well as customer loyalty solutions.

BOON

Roughly 100 pilot testers for the new offer

6 countries covered: Germany, Austria, the Netherlands, Spain, Ireland and the UK

Turning boon into a neo-bank. In the end of 2017, Wirecard started making changes to boon with the addition of more features such as micro-credit offers. Their recent announcement is consistent with a long-running strategy.
Betting on an all-inclusive service. boon stands out through its ease of use when it comes to making payments, it allows for card and credit transfer-based payments and account recharging processes. They still intend to become a universal player interfacing with all banks on the market.

Wirecard already enjoys a banking status through their German subsidiary Wirecard bank. As they enhance their range of offers for boon, they also work on building a new European challenger bank, since boon has been made available in several countries.

Category : Alertes quotidiennes