Vivid Money cooperates with Wirecard for boon.PLANET

September 25, 2020

Berlin, 25. September 2020 – Vivid Money, the mobile financial platform for banking, saving and investing, is starting a cooperation with Wirecard in order to enable boon.PLANET users to continue enjoying the benefits of mobile banking. boon.PLANET users can open an account free of charge in just a few minutes via the Vivid Money app and then immediately transfer the money free of charge from their boon.PLANET account. In addition, Vivid Money gives them an increased welcome bonus of €50 in the form of Stock Rewards to simplify the transition to Vivid Money as much as possible and to keep the inconvenience caused by the loss of savings interest at boon.PLANET as low as possible. Due to the discontinuation of many Wirecard products, boon.PLANET will no longer be usable by October 15, 2020.

"Our goal is to provide everyone with an outstanding banking and investment experience and to enable a wide range of financial services. Therefore, we are pleased to have reached an agreement with Wirecard that will enable us to help boon.PLANET customers stay digital and convince them of our mobile banking experience and the many benefits of Vivid Money," said Alexander Emeshev, Co-Founder of Vivid Money. "We want to simplify the transition as much as possible. For boon.PLANET users, the loss of savings interest is frustrating. Therefore we are happy to offer all boon.PLANET users a special offer with the increased welcome bonus.

Users of boon.PLANET will receive an increased welcome bonus of €50, which will be deposited into their Stock Reward Pocket once they have spent at least €20 with Vivid Money. This amount is automatically linked to the price of a self-selected stock. If the share price increases, the bonus will also increase proportionally. If the price falls, the bonus decreases proportionally. However, customers receive not less than the amount originally deposited.

Using the Vivid Money app, customers can open an account for free in just a few minutes and manage their finances simply and intuitively via their smartphone. They also receive a free Visa metal debit card for secure payments and withdrawals. In addition to a classic bank account, Vivid Money also offers numerous services that help customers to manage and increase their assets securely and clearly. These include cashback programs and up to 15 free sub-accounts in over 100 foreign currencies with German IBAN. In addition, Vivid Pay allows customers to transfer money to people who do not have a Vivid account quickly, directly and easily via cell phone and messenger, free of charge throughout Europe without having to enter long IBAN numbers. The AI-supported Subscription Control feature recognizes subscription payments so that users can see an overview of their current subscriptions and regular payments.

About Vivid Money
Vivid Money is the first financial service platform that combines all your daily money needs in one app. Whether it’s spending, saving, or investing – Vivid Money offers an easy, flexible, and transparent solution to grow your money. The company's mission is to provide customers throughout Europe with a superior banking and investment experience and to offer a wide range of financial services (including savings accounts, multi-currency accounts and stock exchange) without unnecessary fees. Vivid Money was founded in 2019 by Artem Yamanov and Alexander Emeshev in Berlin and consists of an international, highly qualified team of more than 130 employees. TCS Group Holding PLC, a leading provider of online financial and lifestyle services via its Tinkoff ecosystem, has agreed to become an anchor seed investor.

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