myTU is a licensed family, travel partner-focused e-money institution that offers a wide variety of banking and payment capabilities, from daily banking to loyalty solutions for businesses and private consumers. myTU users can opt for instant money transfers, real-time monitoring through the company’s mobile banking app or automated daily allowances, among others.
As per the agreement, Nets will support myTU with issuer processing, tokenization, issuing services, fraud prevention, customer service, cards personalisation, and dispute and chargeback services to the latter’s EU and EEA-based clients.
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