Bankera has introduced the Visa payment card: it will distribute free of charge and will not apply a monthly fee



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Lithuanian fintech company Banker introduced Visa contactless payment cards. Using it, it will be possible to make payments in euros in poor ye. stores across Europe. The Bankera payment card will not be subject to a monthly service fee, in addition, it will be issued and delivered to private customers through a simple and free charge.

The favorable regulatory environment of Lithuanian financial technology and proven membership in the Visa network allow us to offer payment cards on extremely favorable terms. We believe that this solution will increase competition in the financial services market, firstly by creating direct benefits for Lithuanian companies, for whom accessible and convenient financial services are becoming increasingly important, says Vytautas Karaleviius, one of fintech Banker partners.

With the Bankera card, it will be possible to make payments for a maximum of 5,000 euros per day and withdraw amounts of no more than 2,500 euros from ATMs. Payment by card in euros in European countries will be free, and when paying for goods or services in another currency or in a non-European country, 1% will be applied. fee on the settlement amount.

The 1% will be applied to cash withdrawals at ATMs operating in Lithuania using the Bankera card. fee on the amount of money to be charged. Meanwhile, at ATMs operating in other European countries, the first three cash withdrawals will be free and the rest will cost 1 euro. When withdrawing money from an ATM not denominated in euros, 1% will be applied. fee on the amount withdrawn. Cash withdrawals at ATMs outside of Europe will be subject to a 2% fee. fee on the amount withdrawn.

On the Banker platform, private customers will also be able to create a virtual payment card completely free, allowing them to conveniently pay for goods or services online. It will also not be subject to a monthly service fee and the payment amount will not exceed the daily limit of 5,000 EUR.

Banker is preparing to offer payment cards for business customers in the first quarter of next year. Next year, all Bankera clients will also be able to manage day-to-day financial transactions through a mobile application that will be available on Android and iOS platforms.

The banker distributes payment cards to fintech mon Pervesk, which has an electronic money institution license issued by the Bank of Lithuania and has been granted Visa primary member status.

Private customers of the Bankera payment card aged 16 or over can remotely register, register and open an account on the Bankera platform free of charge: ib.bankera.com/lt-LT/signup.

The banking platform currently provides payment account services to individual and business clients. Private customers who have chosen the service plan can make SEPA payments free of charge, and are also not subject to the opening of the IBAN payment account in euros and the monthly service fees.

Commercial bank customers can make SEPA and SWIFT transfers at competitive rates. For Lithuanian small and medium-sized businesses, Bankera also offers account financing, business development or relocation solutions.

Fintech Banker has three Lithuanians: Justas Dobiliauskas, Mantas Mockeviius and Vytautas Karaleviius. April The financing solution for small and medium-sized companies developed by Bankera in the hackathony initiated by the European Commission was recognized as the best in the Digital Finance category. At the Fintech Week Lithuania event held in June in Lithuania, Bankera was recognized as the company that created the best fintech solution for companies. In the international ranking of leading fintech innovators in 2019 Fintech100: Leading global fintech innovators, Bankera is the only company representing Lithuania with 42nd place.

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