French banking group Credit Agricole is set to introduce a low-cost online banking service named EKO in a bid to ward off competition from fintech firms.

EKO will offer customers an account, a debit card, a mobile app and access to local branches for a monthly fee of €2.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The new service will help users keep a track on their expenses by sending them alerts when their account balance declines.

Commenting on the new service, Credit Agricole said: “It meets the expectations of a low price, as well as budget management.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.