Moneyou’s Tikkie app comes to Germany
Moneyou, ABN Amro’s digital banking subsidiary, is launching its Tikkie mobile payment app in the German market.
The app and its underlying software were jointly developed with the Munich-based FinTecSystems.
“This smart payment solution means customers can get repaid, free of charge. Whether, for example, they paid for a jointly purchased present, a restaurant bill or tickets for an event,” Moneyou explains.
“And they can send payment requests to one or more people at the same time. That saves time and energy. Certainly, for example, if a dozen people need to pay their share of a joint birthday present.”
Tikkie can be used by anyone, regardless of who they bank with, and only the person receiving the money needs to have the app. Once they enter their name, mobile phone number and the IBAN number, they are ready to start sending payment requests via WhatsApp, Facebook Messenger, Telegram, QR-Code or text (SMS).
Those making payment do not need the app. All they have to do to generate a transfer is to click on the link they receive. That will take them to their own bank account, where they can log in directly. All the information needed for the transfer – the recipient’s IBAN, the amount and any other payments details required – will already be filled in.
“There is no longer any need to devise and store passwords or complete complicated registration procedures,” Moneyou says. “Tikkie is ready for use in just a few seconds.”
Payments are executed as direct transfers from accounts at any bank in Germany.
Users can immediately generate a payment from their online banking account (authorised by PIN and TAN) and recipients receive real-time notification that payment has been made.
“This is the first time that a universally applicable solution of this nature has been available in the German market,” Moneyou states.
To prevent misuse and fraud, the bank says it has put in place a dedicated specialist team.