Recently, the Moneyveo fintech company announced the launch of a completely new product on the market of non-bank consumer lending. They plan to launch the Veocard payment card. The card will have all the modern features of a credit card and additional advantageous features. IBOX BANK was chosen as the bank that will issue the Moneyveo card and support it.
While creating and developing Veocard Moneyveo acted responsibly. The company has carefully studied the market to offer its consumers a modern product that combines the advantages of bank cards, as well as the loyalty and technology of the non-bank lending market.
IBOX BANK was chosen as the provider because its technology and expertise in the transaction business fully correspond to the image of a reliable partner of Moneyveo.
By putting together, the principles of fintech and a deep understanding of the transformation of banking services in the online world, the teams managed to create a revolutionary product called the Veocard.
The lending limit of the Veocard by Moneyveo will range from 2,000 to 15,000 hryvnia and will be known at the stage when a customer decides to order a card. The holders of the card will be able to receive 1% cashback on all categories of goods, as well as to withdraw cash free of charge at all ATMs in Ukraine (twice a month).
In addition, there are many ways to top up the balance, order a card online and receive it at the nearest branch of Novaya Pochta free of charge.
“It is worth noting that in the case of existing customers, the process will not take more than 15 minutes, and the decision on the lending limit will be made in a minute! At the same time, our partnership with the leader in the field of logistics in Ukraine, Novaya Pochta, will allow you to get a credit card within one working day. Thanks to the IBOX terminal network, our customers will be able to replenish their Veocard without commission in these terminals,” comments the Deputy Director for Product Development of Moneyveo Igor Pshenichniy.
The customers will be able to order the Veocard and track all the transactions directly from the Moneyveo personal account. All questions about the card and transactions shall be addressed to the Moneyveo contact center that works 24/7.
The integration between the Moneyveo and IBOX BANK systems made it possible to implement an online model that allows reserving IBAN, card number, Client ID, and other identifiers, which are used by the processing center, the bank, and the fintech company in compliance with security requirements of Visa.
“It is worth noting that for IBOXBANK, this is a debit card. At the same time, thanks to the cooperation with Moneyveo, we are taking steps towards working with credit offers. This cooperation allowed us to systematize the majority of our internal processes so that the customer can get what they expect, i.e., modern high-quality service from the leader of non-bank lending in a familiar card format that has all possible bank guarantees,” said the Director of Innovative Business Development at IBOXBANK, Dmitry Yakovlev.
Moneyveo is an innovative fintech company and a leader in the market of non-bank consumer lending in Ukraine. The company stands for technological efficiency and innovation in all processes. At the same time, all of its products are intended to solve the financial issues of Ukrainians as quickly and simply as possible. IBOX BANK is a Ukrainian transactional bank operating in the domestic market since 1993. In 2020, the bank managed to increase the size of its net assets by 66.1% and achieve a financial result of UAH 109.7 million.