Why should you choose an e-money platform instead of a bank

Financial services are rapidly changing in the past 10 years and there have been more than a few innovative products and solutions, designed to ease our lives. Some of them are accessible to a wider audience, while some are restricted for usage only by a certain group of consumers. Up until few years ago, banks were the primary choice for provider of financial services, but they are slowly falling behind in the race. And this is not because their services have changed, on the contrary, some of them have not changed at all.


Some of the most useful products, which gained popularity are online money-management platforms and virtual wallets. They have become a preferred substitute of banks, due to the convenience they provide. As both products can be operated through a mobile device, they save a lot of time and unpleasant trips. Most of the money management platforms and virtual wallets are with free of charge registration and lack maintenance fees, so are not only more efficient, but are also cheaper than a bank account. No wonder consumers go with them, instead of using the obsolete methods where they have to sacrifice their personal time to make a simple money transfer, for example.

The platforms usually include an online account, prepaid card and a mobile app, which is sufficient for creating a closed circle. Transfers of all kinds can be done through the online account, without leaving your home. Also the prepaid card can be used for online payments, cash withdrawals and payments on POS terminals. The mobile app assures fast and easy tracking of all account movements.

As to the virtual wallets — they are probably our future, as the count of contactless payments, grows with every month. Money transfers, online payments and NFC payments are all available through your smartphone.

With the latest technology development, banks are really becoming an establishment we will be visiting less and less. Be a part of the future and facilitate your daily financial operations with ease.

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