Stocard launches its payment features in four European countries

By Megha Bhattacharya

European mobile wallet Stocard announced the launch of its payment feature – Stocard Pay in four European countries of Italy, France, Germany and the Netherlands. According to the FinTech, the new feature was developed to complement the end-to-end shopping experience that the existing app offers by adding multiple bank cards to the app.

Stocard Pay allows users to create a virtual credit card hosted in the app. Users currently can top up the wallet using Mastercard and Visa and save on foreign currency fees when purchasing items abroad.

Björn Goß, CEO and co-founder of Stocard, commented, “The launch of Stocard Pay in four more European markets is a major step for us to bring the future of banking to our users. The digital wallet is becoming the central hub in our lives for everything around money, shopping, and banking.

“We see the future of banking as purely mobile and working in conjunction with other financial services in one easily accessible place. Stocard Pay is the first major feature with several more planned over the next months as we create this future of shopping and banking through Europe’s leading mobile wallet for everyone.”

Stocard stated that Android users would have access to the virtual card directly in the app. The solution supports Apple Pay and is available for iOS users. The account can be refunded automatically once the balance drops below a certain threshold.