bunq Is Building a Bank Around How Europeans Actually Live
Hey Digital Banking Fanatic!
bunq is making a pretty clear statement about where digital banking is heading: more payments, more flexibility, and everything in one app.
The neobank has completed its Wero rollout across the Netherlands, Germany, France and Belgium, becoming the first bank to offer both person-to-person and eCommerce payments through Wero across all four markets.
That means bunq users can send money across borders using just a phone number, or pay online directly from their account without entering card details.
At the same time, bunq is giving users more flexibility on the other side of the balance sheet, with a credit limit of up to €5,000 on its globally accepted credit card — while keeping spending, available credit and repayments visible directly in the app.
And there’s some serious scale behind these moves: bunq has now passed €10B in user deposits.
What’s interesting is how these pieces fit together. Payments, credit, deposits and cross-border banking are increasingly becoming parts of the same digital experience rather than separate products.
And this shift isn’t only happening at the customer-facing layer. Ove Kreison from Tuum recently highlighted how AI could help banks untangle decades of legacy complexity, making core modernization possible in months rather than multi-year migrations — without leaving the existing business behind.
Keep scrolling, there are plenty more important banking updates waiting for you in today’s edition
See you tomorrow!
Cheers,
INSIGHTS
⚙️ Multi-year core migrations are becoming yesterday’s constraint, with Tuum highlighting how AI can untangle decades of legacy complexity in a fraction of the time. Instead of waiting years for a full rebuild, banks can modernize the areas under the most pressure and see ROI in months, bringing the speed of greenfield players without leaving their existing business behind.
NEWS
🇬🇷 Klarna celebrates four years in Greece, reaching 700,000 shoppers and 13,000 merchant partners. The BNPL provider now works with 66 of the top 100 Greek merchants across fashion, electronics, travel, and beauty.
🇦🇹 Bitpanda and RBI build a crypto framework for 18 million bank customers across Central and Eastern Europe. Bitpanda Enterprise will provide digital asset infrastructure to RBI's network of subsidiary banks across 11 markets. Individual banks will decide their own product rollout based on local regulations.
🇳🇱 Bunq becomes the first bank to complete Wero rollout across four European markets. The Dutch neobank has fully deployed the instant payment solution, positioning itself ahead of larger banks in the Wero ecosystem.
🇳🇱 Bunq introduces flexible credit cards that put users in control of their spending. The new cards let customers set their own spending parameters and adjust limits directly within the Bunq app.
🇪🇺 ClearBank Europe partners with Pay.com, providing embedded banking infrastructure for the payments platform. The integration lets Pay.com merchants hold funds, make SEPA transfers, and pay out at speed without leaving the platform.
🇺🇸 Paywhere launches its AI banking channel, letting banks and credit unions serve customers inside AI tools like ChatGPT, Claude, and Copilot. The programmable platform provides a financial-grade connective layer that keeps the institution's brand and controls intact.
🇺🇸 Zact launches a commercial banking platform, aiming to help banks reclaim business relationships lost to FinTechs. The platform targets commercial banking with tools designed to modernize how banks serve business clients.
🇬🇧 Santander UK partners with Sibstar to support financially vulnerable customers. The collaboration brings Sibstar's specialist tools into Santander's banking services for customers who need additional financial safeguards. Sibstar focuses on helping people manage spending through carer-linked controls.
🇧🇷 Agi announces Rafael Siqueira as new CTO, tasking the 30-year tech veteran with accelerating AI adoption across the bank. Siqueira previously served as Partner and Technology Leader at McKinsey for Latin America.
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