British mobile bank Monese has teamed up with digital banking services provider PrePay Solutions to launch its upgraded mobile-only banking account.
The upgraded account will offer contactless and direct debit functionality to customers using a contactless Mastercard.
Users will be allowed to get access to a range of banking services, and start transactions instantly without address proof or credit history in a new country.
The service can be accessed across 20 countries in Europe and in eight languages.
PrePay Solutions CEO Ray Brash said: “Together we’ve developed and launched a truly innovative mobile banking solution, tailored to fit the needs of a mobile community.
We are focused on developing new and flexible solutions that enable our clients to appeal to modern customers – with Monese, this means an entirely mobile banking experience.”
Monese founder and CEO Norris Koppel added: “We believe that people should be able to live, travel, and work freely, without the administrative burdens and restraints of legacy banking systems. This upgrade is evidence of how we are able to combine technology and creative thinking to respond to the needs of a mobile user group in an on-demand economy.”