Mobile banking app preps for Amaiz-ing UK launch
A new mobile banking app, Amaiz, is gearing up for launch in the UK.
The app seems to fill in the niche that Monzo’s prepaid card left – a free and never-ending Mastercard debit card that you can transfer money instantly and for free from debit and credit cards, Apple Pay or Android Pay. Users can also top-up by bank transfers, local PayPoint stores or by depositing cash at a post office.
The R&D team of Amaiz is based in St Petersburg, Russia, but its sights are firmly set on the crowded UK market and it has a business office in London.
Amaiz calls itself a neobank and its website doesn’t offer a lot of details at the moment.
The firm intends to let users access and monitor funds in different bank accounts as well as make payments. Alongside fund protection and a 24×7 service, the app provides smart analytics to manage and monitor all payments, categorised by tags and create spending reports.
There is no specific launch data yet, and Amaiz is currently recruiting for more developers.
The company is led by Sergey Dobrovolskiy, its founder and CEO.
If you want to read more about other challenger banks in the UK, have a look at our own list.