Mogo plans to launch a mobile P2P payment solution

This solution is meant to enable users to quickly make and share payments with friends and family through Mogo’s mobile app. The company expects to launch the solution in Q1 2021.

Once launched, Mogo’s P2P payment solution will be accessible through the Mogo mobile app. Users will be able to link their bank account or debit card and then begin sending and receiving money instantly through the app. Today, Canadians can sign up for a free account through the Mogo app and get access to products that can help them achieve their financial goals, including a digital spending account with Mogo Visa Platinum Prepaid Card featuring automatic carbon offsetting, free monthly credit score monitoring, ID fraud protection, Bitcoin trading, and personal loans.