back Back

Ziglu launches a new fee-free Euro account

By Joy Dumasia

October 12, 2021

  • currency exchange
  • Digital Currency
  • Digital Transformation
Share

Ziglu is launching a market-leading fee-free euro account which enables tourists and business travellers to spend without incurring currency exchange charges. The account, which is an addition to Ziglu’s existing sterling current account, is being launched as COVID-19 travel restrictions ease and will save money for tourists, British expats and business travellers in the Eurozone.

Bank customers using most UK debit and credit cards in the Eurozone are subject to a range of fees, including non-sterling transaction fees and non-sterling purchase fees, while customers converting pounds in to euros can be charged commission and margins on the exchange rates, as well as often receiving uncompetitive exchange rates.

Ziglu customers do not need to carry a second card when using their Ziglu Mastercard debit card in the Eurozone. It automatically takes funds from their euro account without applying any hidden charges. Ziglu customers can also make fee-free instant euro payments to other Ziglu customers.

The new account expands the range of services from the fast-growing FinTech, including interest-bearing investment accounts alongside its sterling current account and a curated selection of cryptocurrencies. Ziglu is leveraging its best digital currency expertise to bring better solutions to the FX marketplace, starting with Euro.

Mark Hipperson, Founder and CEO of Ziglu, said: “Using UK debit cards in the Eurozone can be extremely expensive, and the charges and commissions are hard to understand for customers and a massive profit for the banks that take advantage of them. We set out to challenge the big banks and challenger banks at their own game, using the world of digital currencies to financially empower our customers. Our euro account is the latest example of this, and will ensure that our customers have a bit more money to spend as travelling in the Eurozone becomes easier.”

IBS Intelligence reported that UK-based money app Ziglu has seen its £1 million crowdfund oversubscribed in just 81 minutes, beating its previous record of three hours on Seedrs, the leading equity crowdfunding platform.

Previous Article

October 12, 2021

Payrix forays into the Australasian SaaS market

Read More
Next Article

October 12, 2021

Batelco brings Apple pay to its customers

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

currency exchange

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Sopra Banking Software partners with Finom

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

July 19, 2024

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024