Vivid Money Neobank Now Supports Apple Pay in France

[MacRumors]

Vivid Money now supports Apple Pay in France, the neobank has announced.

As spotted by iGeneration, the Russian-German mobile bank announced the development on its Twitter account, and users have already confirmed that they're able to add their Vivid Visa card to Apple's Wallet app this morning.

Launched in France last November, the neobank offers 25% cashback on daily expenses as well as a commission-free shares and FCBs investment mechanism that allows users to buy fractions of shares from 1 euro cent, which makes it more a rival for the likes of Revolut rather than a traditional bank.

Apple maintains a complete list of the countries where ‌‌‌Apple Pay‌‌‌ is available on its support site, and we have a detailed Apple Pay roundup with everything you need to know about Apple's payments service.

Article Link: Vivid Money Neobank Now Supports Apple Pay in France

 

[calstanford]

Slow news day it seems...

But yay for more Apple Pay partners!

 

[ilikewhey]

25% cash back?!?! whats the catch

 

[kyjaotkb]

25% cash back?!?! whats the catch

Perhaps they ask you to sell Herbalife products?

 

[foobarbaz]

25% cash back?!?! whats the catch

"up to 50€" and "for the first month". So it's more of a one time reward for signing up via an invitation link. The person sending the link gets two months.

They're basically burning cash to get users, as many startups do.

 

[svanstrom]

25% cash back?!?! whats the catch

Looking into it the catch seems to be that you don't actually get the money, rather the value of that cash back you can "invest" in stocks; and what you actually could get is the increase in value from that.

So you might have 150 play money as a virtual "cash back"; and if you "play invest" that so it goes up by 3%, then you can cash out 4.50.

 

[DeepIn2U]

25% cash back?!?! whats the catch

I read that and also thought ...

a) how is that sustainable for the business, and
b) what's their yearly interest fees like?

 

[Corsig]

25% holy crap. I get 1% from discover.

 

[Digital Dude]

25% cash back?!?! whats the catch

Could be like when Google started. I remember the video when google invited select investors to attend a gathering at some high-rent apartment. I also remember when Apple shares sold for six dollars. Yes, I'm old, and I hate it when that happens.

 

[osmar.rodriguez]

In Spain as well!

Vivid Money on Instagram: "¡#ApplePay ya está en marcha! Ya disponible en España, empieza a pagar de forma segura sin contacto en tiendas, en la app y a través de la web. #VividMoney"

38 likes, 10 comments - vivid.money.es on February 16, 2021: "¡#ApplePay ya está en marcha! Ya disponible en España, empieza a pagar de forma segura sin contacto en tiendas, en la app y a través de la web. #VividMoney".

www.instagram.com

 

[actcyclist]

thats the most complex credit card reward scheme I’ve ever seen. I think using the word “cashback” for what is points towards shares or something, is misleading.
also, it’s not even shares.