Railsbank, trading as Railspay in Australia, will allow Douugh to provide bank accounts, debit cards, financial management assistance, stock ,and cryptocurrency trading underpinned by Railspay’s own Banking-as-a-Service (BaaS) alliance with Volt Bank.
Through the new partnership, Douugh is expected to officially launch a ‘financial super app’ offering in Australia in mid-2022, pending final accreditation which Railsbank will obtain from Volt Bank. Douugh is also set to launch its banking products and service across the UK, Europe, and Southeast Asia through the BaaS partnership following the Australian launch.
Railsbank most recently entered into a similar partnership with microbusiness banking app Parpera, allowing the fintech to offer self-employed workers digital tools such as invoicing, cashflow statements, and tax reporting.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.