Plum launches debit card

London-based personal finance app Plum has launched a debit card.

The debit card is the UK FinTech’s first move into spending.

The card will initially be available to existing UK premium customers.

The platform said that users can load funds from a linked external bank account and from money set aside in the Plum app and spend within their chosen allowance.

“Our vision is for Plum to be the only personal finance app you need”, said Victor Trokoudes, chief executive and co-founder, Plum. “The Plum Card is a huge step forward in that direction.

“We want to simplify money management for our customers at every stage in their financial lifecycle. This card will give Plum users even better visibility and control of their finances, as they can set their own spending allowances. This means they can properly compartmentalise their spending.”

The company’s new debit card is 57 per cent sea salt and 43 per cent crude oil, which it said makes it less dependent on oil than other plastics.

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