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Banking Apps Are Including Online Retail Features and Functions

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Yash Desai

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Banking Apps Are Including Online Retail Features and Functions

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Yash Desai
51 views5 pages

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Paypal

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51 views5 pages

Banking Apps Are Including Online Retail Features and Functions

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Yash Desai

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© All Rights Reserved
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Banking apps are including online retail features and

functions

 Banking apps are becoming increasingly functional, now with extended


features that allow people to shop (or sell) within the apps. These
features help customers consolidate some of their lifestyle habits,
merging banking and shopping to create simpler online experiences.
 As the ecommerce industry continues to expand, consumers have
come to expect consolidated virtual solutions for their various online
purchases. Now, the brands that are able to best prioritize convenience
and ease-of-use for everything from online banking to virtual shopping
are most appealing to consumers.

Twig Lets Users Instantly Turn Their Used Things Into


Cash

 Twig, a UK-based fintech company, has launched a mobile banking app


that allows users to cash out on their used items instantly. Unlike other
resale apps, Twig aims to be a full-fledged financial platform (not a
retail site) that contributes to the circular economy.
 This free fintech app is easy to use and boasts a refreshingly simple UX
design. All users have to do is upload photos of their “pre-loved” items,
which are immediately analyzed by Twig’s machine learning algorithms
and given a price tag. If users are pleased with the offer, they can cash
out instantly, receiving a payment for their goods before any shipment is
required.

The PayPal "Super App" Arrives Following Partnership


With Synchrony Bank

 Paypal has officially launched a new version of its popular digital


wallet and payments platform, which has been loosely dubbed the
PayPal "super app."
 A major update, the new app will combine a variety of financial tools
offered by the company into one slick, user-friendly platform. These
features include direct deposit, bill pay, peer-to-peer payments,
digital wallet functionalities, shopping tools, crypto conversions, and
more.
 As part of the new launch, PayPal has also teamed up with
Synchrony Bank to release high-yield savings account aptly titled
'PayPal Savings.' These new updates represent an incredibly exciting
development for the company as they allow PayPal to shift from a
payments-only utility tool to a full-fledged finance app. In addition,
the new updates also include a variety of future-forward features
aimed at neobank users and cryptocurrency holders.

The 'YAYZY' App Helps Users Reduce Their Environmental


Impact

 The 'YAYZY' app is a eco lifestyle-focused platform for consumers who


are looking for a way to track the impact they have on the environment
and even improve their score on a daily basis by making simple
changes.
 The app works on a continuous basis to track the carbon footprint of
the user with every purchase they make in order to see exactly how
much of an effect they are having on the environment. Users can then,
with a single tap, support eco initiatives that will help to offset their
footprint and go carbon neutral to help them feel more confident about
their daily lifestyle.
 The 'YAYZY' app takes a clever approach to ecological footprint
management and could bring about real change as consumers become
more aware of their effect on the environment.

The 'ZERO' Offline Cryptocurrency Wallet Offers Peace-of-


Mind

 Millions of dollars in cryptocurrencies are reported to be stolen


everyday, so the The 'ZERO' offline cryptocurrency wallet is
positioned as a secure option for consumers who are in search of
a better way to protect themselves. The wallet uses a 100%
offline functionality that doesn't require any USB, Bluetooth, WiFi
or NFC connections in order to be used. This will prevent
unauthorized users from accessing your funds and quickly
getting away with all of the coin stored in a wallet.
 The The 'ZERO' offline cryptocurrency wallet works by generating
cryptocurrency keys in an offline manner and boasts a multi-
layered anti-tampering profile. The device has earned the EAL 7
security certification to make it suited for even the most skeptical
users.

The Bnext Mobile Banking App Launched an Extensive


Rewards Program

 Bnext, the Spain-based mobile banking app, recently


created a new rewards program. The new program will
compensate consumers for purchase loyalty for a number
of prominent brands, including AliExpress, Nike, ASOS,
Sephora, Groupon, as well as Just Eat. The mobile banking
app was able to launch the rewards program through a
partnership with Button, a mobile commerce company.
Since 2014 Button has been involved in over $3 billion in
spending.
 The loyalty initiative will provide savings to consumers for
shopping at the listed brands. Bnext users can also
customize their experience, to find different offers. Overall
the rewards program may find success since many
consumers already shop from the brands on a regular
basis.

'ShowUpToIt' Has Users Create Goals and Complete


Them or Pay

 'ShowUpToIt' uses GPS technology in your


smartphone to know whether or not you are
completing your goals and will automatically cash
in the stake you have set if you don't keep it. This
acts as a great way to get motivated based on the
fact that not completing goals will result in losing
a certain amount of money. This makes it
possible to create goals that you'll actually
complete rather than being all talk and no action.
 It can be difficult to create goals and stick to
them, so 'ShowUpToIt' is a web app that enables
users to have a bit more encouragement to get
things completed. 'ShowUpToIt' enables users to
set goals for themselves that they want to
complete that, if they are not completed, will
result in a monetary payment being made.

ABN Amro's 'Tikkie' App Permits Payments Through


Apple’s Siri

 Earlier this summer, Dutch bank ABN Amro launched a mobile app by
the name of 'Tikkie,' which makes it possible for customers of the bank
to request and send payments through the WhatsApp messenger. Now,
the bank is improving upon this app by adding a feature that lets
customers make payments through a voice-controlled system.
 Tikkie is now integrated with Apple's Siri assistant, meaning that a
customer is able to give a set of instructions with an amount, a
description and a recipient and have Siri take care of the rest.
 Voice-controlled systems of this kind are becoming popular ways for
consumers make the most of hands-free task management for
everything from operating smart home controls to making effortless
payments.

Penny Makes It Easier to Learn About Investments,


Savings, and More

 Penny is a personal finance app that features a variety of short


audio courses that teach users about how they can better
manage their money.
 The app is designed to be accessible to all users, making it great
for anyone who wants to learn about how they can effectively
invest their money, save more, or even start a business. While
finance isn't the most interesting topic for many, Penny offers
easy-to-digest tips that users can instantly implement, and
teaches them how they can prepare for the future and meet their
personal goals. What's especially great about Penny is that each
audio track features a real person, many of whom have had to
overcome their own financial challenges.

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