Vivid Money launches in Germany in partnership with solarisBank and Visa

Source: IBS Intelligence 2020-06-09

Mobile banking platform Vivid Money has announced its launch with solarisBank and Visa in Germany. The platform has stated that the Vivid Standard and Vivid Prime products will be available in Germany, for the time being. The company aims to leverage its partnership with solarisBank and Visa for expanding across the European countries.

“…We enable our customers to organise their financial life easily, securely and in all its different facets – from spending to investing – all in one app and individually tailored to their needs. We want to educate our customers how to grow their money, providing them with the right tools to save automatically. With Vivid Money, they have numerous options to grow their wealth without having to open a separate account or deposit account with different providers for each service,” said Artem Yamanov, co-founder of Vivid Money.

According to Vivid Money, its services include a free current account with German IBAN, three-month trial membership of Vivid Prime without automatic renewal, including a free metal VISA debit card that can be used even after the trial membership expires, virtual cards for safe online shopping, free bank transfers, contactless payments with Google Pay and soon Apple Pay, currency exchange with no fees at a live exchange rate, etc.

“We are proud to be the exclusive launch partner for Vivid in Europe and to support their entry into the German market. The payment behavior in Germany is currently changing rapidly – consumers increasingly want to pay digitally – mobile and contactless. This is why the launch of the mobile-first Visa Debit card by Vivid comes exactly at the right point in time. I am convinced that the joint product proposition by Visa, Vivid, and solarisBank will further drive the adaptation of digital payments in Germany,” said Albrecht Kiel, Regional Managing Director Central Europe at Visa.

Berlin-based Vivid Money combines the all-in-one mobile-first approach with a full-service package. Using the Vivid Money app, users can open an account for free and manage their finances via their smartphone. Vivid Money also offers numerous services that help customers to manage and grow their money securely and conveniently. These include cashback programs, sub-accounts in foreign currencies and, in the near future, investment products.

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Vivid Money launches in Germany in partnership with solarisBank and Visa

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