Monobank, a digital bank based in Norway, has introduced a new credit card platform comprising a physical card and mobile payment application.
Through the combination of the Monocard and Mono Pay app, the company aims to offer easy banking and shopping means for customers and enable tracking of purchases.
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Monobank is planning to work with partners to distribute the new credit card and app solution to its customers.
The digital bank also announced plans to partner with Scandinavian airline Widerøe to launch the Widerøe credit card in September 2018. The card will be powered by the bank’s new platform.
Monobank CEO Bent Gjendem said: “People want safe and easy-to-use banking and shopping solutions to improve their digital experiences. Our credit card platform with the Monocard and Mono Pay app provides that by combining the traditional credit card with a mobile payment app.
“It also makes it easier for users to keep track of their purchases and private economy. We can already see that our customers appreciate the solution.”
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By GlobalDataEstablished in 2015, Monobank focuses on providing new fintech solutions for loans, deposits and credit cards in order to enhance customer experience.
