Neobank Xinja launches prepaid card and app

Friday 23 March 2018 14:35 CET | News

Xinja, an Australia-based neobank, has announced the launch of its prepaid travel and spending card and app.

The card is tap-and-go and comes with no ATM fees in the country or overseas. The app allows users to lock the card if it is lost and is being designed to let users track their spending.

Earlier in February 2018, the neobank was granted an Australian Credit Licence (ACL) from the Australian Securities and Investments Commission (ASIC).

In addition, the Australian neobank has applied for an Australian Financial Services Licence (AFSL) from ASIC and to the Australian Prudential Regulation Authority for a banking licence that will allow Xinja to become a Restricted Authorised Deposit-taking Institution (RADI).

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Keywords: neobank, Australia, Xinja, prepaid card, neobank, Australian Credit Licence, ATM
Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce