N26 set for 2018 US launch
Written by Chris Lemmon
Berlin-based mobile bank N26 will be launching in the US in mid-2018, aiming to bring fresh innovation to the country’s banking industry.
In August, the digital bank announced that it had reached 500,000 customers across 17 European countries – less than three years after launching. The bank does not own or operate any physical branches, making it easier to scale and reach customers who might not typically have access to digital financial services.
Changing PINs, setting payment limits, and locking and unlocking payments online and abroad is possible in-app, while the bank places an extra emphasis on transparency and fairness. In the US, N26 will offer a specially-designed rewards programme to customers, where they can earn points to earn rewards.
In a blog post, the bank stated: “Our goal is to be the bank of the future for the current generation of mobile users. Without physical locations, we’ll be able to easily expand into all corners of the US while offering the same seamless, user-friendly experience that has already spread across Europe.”