News

Raphaels Bank partners Avuba to support alternative payment account services

Wednesday 11 May 2016 00:32 CET | News

Raphaels Bank, a UK bank, has partnered with Avuba, a mobile payment company, to support an alternative payment account service from Avuba for consumers in Europe.

Avuba is providing smartphone users with the ability to make payments on the go. A mobile app will also enable peer-to-peer SEPA and card payments with immediate alerts.

Raphaels will issue a prepaid MasterCard to Avuba customers as part of Avuba’s ‘Banking Lite’ app-based proposition. This will include the ability for SEPA Credit Transfers and Direct Debits through Raphaels’ indirect membership of the Single Euro Payments Area (SEPA) scheme.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Raphaels, Avuba, payment account, Europe, SEPA, consumer, mobile payment, MasterCard
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events