Binji, a new US-based fintech company, has launched a debit Mastercard that allows consumers to consolidate upto 24 credit cards and debit cards into a single card.
With a sleek user interface, the Binji card works in tandem with Binji App via smartphone Bluetooth connection.
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The Binji card can serve as the only physical card that consumers need to carry to shop in-store and online.
It provides instant access to funds and also enables users to engage in peer-to-peer payments and direct deposits.
Binji co-founder and CEO Ryan Marquis said: “We saw an opportunity to improve people’s lives by streamlining their finances through the convenience of offering app-based banking, card consolidation, and peer-to-peer payments on one platform.
“We’re offering consumers something that, until today, didn’t exist: With just a push of a button on the Binji Card’s user interface, consumers can now transfer funds from up to 24 different debit or credit cards into a single spending account.”
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By GlobalDataThe card’s digital display screen shows the user’s current balance in Binji Account, a four character nickname for rapid identification and last four digits of the chosen funding source.
Consumers can choose their funding source by using Binji’s two-button interface to scroll through synced accounts. Following selection, the user can hold the down arrow button to begin the transfer of funds from any synced debit or credit card to their Binji Account.
Marquis added: “Binji takes the familiarity of a physical card and combines it with the best parts of app-based banking–convenience and security.
“We’re not only streamlining the payment process, but also providing a clear snapshot of where and how people spend their money. Binji is the result of years of development, anticipation, and entrepreneurial spirit and we hope consumers will feel the same sense of excitement when they partner with us to take control of their financial lives.”
