FinTech start-up VivePay, which offers an app to send an request money from friends, has announced further integrations with UK banks and payment providers via open banking.
With 24 banks now integrated with the app, including new additions Starling, Capital One and Tesco, VibePay is aiming to boost engagement with what it described as its ‘Gen Z’ users.
It is also adding business accounts to a small business audience, targeting those who earn money from selling on their social channels or platforms like Depop.
The firm said this functionality will enable its customers to make and receive payments with no fees and provide instant access to funds and a transaction dashboard to track their payments.
Further functionality will be added to its app over the next few weeks, including the introduction of payments via a link or QR code, and ‘Vibe Shop’ which will offer integration with sister-firm VibeTickets.
Luke Massie, founder of VibePay and VibeTickets, said: “This new app is the culmination of months of work – we’ve taken invaluable feedback from the VibePay community and looked at how we can make the app bigger and better so it’s easier, more fun and an indispensable tool for our users’ lives.
“We’re built for Gen Z by Gen Z which means we’re able to reach this critical audience with a unique solution built on their lives. We can’t wait to roll out the new functionality over the coming weeks and see our community continue to grow. We’ve already got our sights set on the next phase of growth for 2020 and beyond.”
https://businesscloud.co.uk/news/gen-z-money-app-vibepay-expands-into-ecommerce-payments/