The Future of Banking Arriving In America

N26 announces plans to launch in the US by mid-2018

Posted 10 minutes ago by Romain Dillet (@romaindillet) on TechCrunch

"European fintech startup N26 has plans to expand beyond Europe. The company’s co-founder and CEO Valentin Stalf is announcing today at the Money20/20 conference that N26 is going to launch in the U.S. around mid-2018 and has hired a handful of people in New York.

We’ve looked at the products in the U.S. and we figured out that most of the banking products in the U.S. are even worse than in Europe,” Stalf the reporter . . .

GOOD TO KNOW, Huh?
N26 has been doing quite well in Europe already. The startup got its own banking license and attracted 500,000 customers.
The company is trying to create the retail bank of the future with everything you need.

And it starts with a debit card from MasterCard and a checking account. In just a few minutes, you can order a good old plastic card and get your own banking information. You can then send and receive money, pay anywhere around the world without any foreign transaction fee or markup, lock your card, set your own limits and get push notifications for each transaction.
The company plans to launch the exact same features in the U.S.
N26 also wants to introduce specific features that American customers expect. The interchange fee is much higher in the U.S., that’s why banks get a lot more money from each purchase you make with your credit card. Like traditional banks, N26 plans to provide a credit card and reinvest some of this interchange revenue into a reward program.