Bunq Lets Users Earn Airline Miles ✈️
Hey Digital Banking Fanatic!
Bunq is giving its loyalty program a lift!
The Amsterdam-based digital bank is partnering with Ascenda to let users earn rewards while they spend.
Customers in selected countries, including Germany, France, Spain, Ireland, and the Netherlands, can now convert points into airline miles and other aspirational rewards, opening new ways to get more from daily transactions.
Tom Bilske, Head of New Products, notes that bunq is thrilled to deliver “one of our most-requested features to users: earning airline miles, just by using their bunq card.”
Now let’s get into today’s top stories shaping the future of digital banking 👇
Cheers,
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NEWS
🌍 bunq accelerates global expansion with premium rewards proposition powered by Ascenda. The collaboration elevates bunq’s loyalty program, unlocking superior rewards that power its users’ international lifestyle. The new partnership with Ascenda is marked by a shared vision for superior user experiences and technology-driven innovation.
🇰🇷 Kbank surpasses 15 million customers, reaching 1 in 3 Koreans. Kbank said its products, featuring low interest rates and quick loan processing, have been the main drivers. As a result, mid- to low-credit borrowers now make up 58% of Kbank's individual business loan customers.
🇩🇪 Openbank and Santander Consumer Finance to integrate in Europe, expanding the range of products and services to customers. The merger will simplify the business and give SCF and Openbank customers access to a broader range of products, while further enhancing the service provided to partners.
🇵🇱 Revolut is preparing to implement Blik transfers to your phone. The new terms and conditions include a note that the FinTech company will allow its customers to send and receive Blik transfers by phone. Stefan Bogucki, responsible for Revolut's communications in Poland, said that this is a preparation for the launch of the service in the Polish market.
🇮🇳 Revolut’s game plan for cracking India’s payments market. Paroma Chatterjee, CEO of Revolut India, talks about the U.K.-based payments company’s foray into the Indian market and its aim to make the process of remittances more transparent. Watch the full interview
🇦🇪 Emirates NBD scales its cross-border payment network to 40 countries globally, allowing customers to send funds faster and with unprecedented savings. These services include real-time money transfers without delays or uncertainty, the ability to send money anytime, anywhere through the ENBD X Mobile Banking App or Online Banking.
🇬🇧 UK's Lendable launches first mobile plan by a FinTech in Britain. Lendable's plan will be powered by U.S.-based tech company Gigs, which provides the operating system, and will be available on the Lendable-owned Zable app, which has 2 million customers.
🇦🇪 Wio Bank leverages Mambu for customer-centric banking. By leveraging Mambu’s composable banking platform, Wio can quickly adjust offerings for SMEs and individual customers, ensuring scalable solutions that respond to real-time customer insights. Additionally, Wio Bank and TAMM sign an MoU to simplify business banking in Abu Dhabi. Through this collaboration, Wio Business will be directly embedded into TAMM’s digital ecosystem, enabling users to open new accounts, link existing ones, and view their account dashboards.
🇮🇩 Krom Bank renews multi-year partnership with Mambu to accelerate digital banking innovation in Indonesia. Krom aims to serve the 75% of the Indonesian population that remains unbanked or underbanked. Keep reading
🇺🇸 Bankjoy announces strategic partnership with InvestiFi to offer digital investing. Through this partnership, financial institutions utilizing Bankjoy’s digital banking platform will have the opportunity to offer their members and customers access to seamlessly invest in stocks, ETFs, and crypto trading directly from their checking accounts.
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