Friday, November 8, 2024
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Moneway: Aims to help users control their finances

Moneway: France new challenger bank, aims to help users control their finances

  • Moneway, a payment service offering a Mastercard debit card and account linked to a free mobile application
  • The challenger provides users with both a French international bank account number (IBAN) and bank identifier code (BIC)
  • It allows users to set spending limits, enable or disable payments methods, and make real-time payments to friends
  • They aims to provide financial services to a mainly young audience and also claims to want to provide them with control over their financial lives
  • Still in in a beta phase, Moneway operates as a payment service agent of Treezor
  • Treezor is a licenced banking-as-a-service company owned by Société Générale

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