Trade Republic’s Post

🚀💳 𝗧𝗵𝗲 Trade Republic 𝗱𝗲𝗯𝗶𝘁 𝗰𝗮𝗿𝗱 𝗵𝗮𝘀 𝗵𝗶𝘁 1𝗺 𝗰𝗮𝗿𝗱𝗵𝗼𝗹𝗱𝗲𝗿𝘀 𝘀𝗶𝗻𝗰𝗲 𝗹𝗮𝘂𝗻𝗰𝗵 𝗮𝗻𝗱 𝗰𝗮𝗻 𝗯𝗲 𝗻𝗼𝘄 𝗼𝗿𝗱𝗲𝗿 𝗶𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲𝗹𝘆 💥 1m cardholders in just 5m since launch 💶 Order your #Mirror, #Classic or #Virtual card immediately without waitlist 💳 No subscription fee, 1% Saveback, Roundup, unlimited free ATM withdrawals worldwide (>100€) and market-leading FX rates 💰 Additionally, we will be launching dedicated Trade Republic IBANs and 4% uncapped on savings in the coming months

Trade Republic Celebrates Its 5th Birthday with 4 Million Customers and Introduces a New Card with a 1 Percent Saveback Reward for Every Card Payment “Over the past five years, 4 million people have started to let their money work for them with us. Today, they manage 35 billion euros with Trade Republic. This makes us one of the most important banks for a new generation of young savers in Europe”, says Christian Hecker, Co-Founder of Trade Republic. “With the Trade Republic card, these people can manage an additional part of their financial lives with us. Every act of spending is an act of savings. This empowers every individual, regardless of income, to start their savings plan and begin building wealth. On our fifth birthday, this is a key milestone on our mission.” https://lnkd.in/eQThBUBn  Albrecht Kiel Marsel Nikaj Jean-Baptiste K. Marie-Anne Ducharne Gernot Mittendorfer #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

Trade Republic: Redefining banking in Europe: https://lnkd.in/duYBSdwG From disrupting the online brokerage scene to ascending as a fully licensed bank under the ECB, Trade Republic is unveiling new financial horizons across Europe! 🔸 Rapid Growth: With over 4 million users and €35 billion under management, #TradeRepublic is reshaping the financial landscape. 🔸 Introducing the Trade Republic #VisaCard: Celebrating its 5th birthday with a bang! This card merges spending and savings like never before. Users earn 1% Saveback on every purchase, directly invested into their savings plan. 🔸 #ECB license: With a full banking license, the platform is expanding its offerings to include comprehensive #investing, #savings accounts, #credit instruments, and competitive bond #trading with attractive interest rates. 🔸 Looking ahead: With a seasoned audit committee in place, the company is committed to upholding the highest standards of regulatory compliance and operational integrity. #CInnovation #FintechInsights #FintechInnovation #FinanceInsights #BankingRevolution #Finance #FinancialServices #DigitalTransformation #BankingInnovation #FinancialGrowth #Banking #NeoBanking #Fintech #BankingNews #TechInFinance #FinancialNews

One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European Economic Area. Under this regulation, instant credit transfers must arrive in recipients’ accounts within 10 seconds, regardless of the date or time of day. In addition, all payments must arrive in euros irrespective of the currency posted by the sender, although the permitted transfer time will be extended to allow for currency conversion. The date for the rule to take effect is still to be determined. Read about it here: https://lnkd.in/ecEuzeVn #news #payments #instantpayments

2023 saw a surge in instant payment transactions as well as new services and use cases on the market. Find out what drove this change and projections for the new year from ABNB Federal Credit Union, The Clearing House, Federal Reserve Financial Services, and Alacriti. Watch now: https://ow.ly/Sw0E50QjcL6 #instantpayments #payments #fintech

A very tangible win for consumers this week as the European Parliament gave its green light to instant payments in Europe 📱 💶 . In a matter of seconds (and not days) consumers will be able to make and receive instant payments in the eurozone as of 2025. Instant credit transfers will be offered to consumers at the same price as normal credit transfers. What's more, for all credit transfers (both instant and normal), there will also be IBAN checks free of charge to help prevent fraud.

The European Parliament has approved new legislation that will require banks and payment service providers to offer virtually instantaneous credit transfers. This move is part of the bloc's efforts to deepen its Capital Markets Union and strengthen its strategic autonomy. Under the new rules, payment providers will have to offer customers the option of making credit transfers that take no longer than ten seconds from the time of approval, at any time of any day. Plus, the cost of instant payments must also be no higher than that of regular credit transactions. This provision is also binding for European countries outside the Eurozone, paving the way for an interconnected European financial landscape at the service of consumers and businesses. Read more about this development: https://okt.to/TwP6Aj #instantpayments #SEPA #payments Kriti Seth Saumil Misra Apoorva . Pranati Dave Kriti Gupta

📣 “Banks are no longer the gatekeeper to payment systems" 📣“For too long, banks were allowed to charge a premium for instant payments" 📣“This is a win for the competitiveness and resilience of our market, for consumers and merchants" These are just some of the remarks expressed by people in the industry, as covered by Jimmie Franklin on Vixio Regulatory Intelligence, upon hearing the news that an EU instant payments deal has been reached. HOWEVER, before any of this happens, the European Parliament will need to approve the provisional political agreement reached — starting with the Economic and Monetary Affairs Committee and followed by a plenary vote.  The Council must also approve the deal before it can come into force. #instantpayments #paymentsinnovation #safeguarding

🎉 Great news for EU consumers and businesses! 💸 A new deal between the EU Commission and Parliament will soon make instant payments a reality across the EU. This means that you can send and receive money in 10 seconds or less, any time of the day, any day of the week. 🕒 However many banks are not ready for this change. Many of them lack the infrastructure and technology to support this mandatory service. They will have to act fast and invest in solutions that enable them to comply with the new rules. ⏰ Are you prepared for the instant payment revolution? 💥 Luckily Finastra got you covered with our Payments To Go, Payments as a Service solution for EU instant payments 👇https://okt.to/0I74cy

Today we presented our report on the Digital Euro for the Austrian Federal Economic Chamber in Vienna. Our conclusion: There are no advantages for the users. The establishment and maintenance of parallel payment infrastructures leads to high costs, which in the end have to be borne by retailers and borrowers. The dominant position of US payment service providers will thus be further strengthened. The non-binding upper limit for holding digital euro accounts provided for in the EU regulation gives the ECB the opportunity to open up the digital euro as a store of value for balances above 100,000 and thus considerably restrict the refinancing of banks. In this context, a European payment system based on QR codes, as the European Payments Initiative is aiming for, would be a cost-effective solution, as it does not require payment service providers and is based on existing bank accounts. It would also be operational beyond the euro area. https://lnkd.in/gbQ8kzGN