The mobile bank’s aim is to help people who need to access multiple currencies on a regular basis (frequent travellers, expatriates, online shoppers and so on). Due to its multi-currency model, customers can open current accounts in different currencies.
With Bankable’s Banking-as-a-Service (BaaS) solution, Ditto will be able to offer its customers a UK sort code and account number, from which they can send and receive GBP payments to/from other UK bank accounts.
Launched in 2010, Bankable’s API-based BaaS platform provides payment solutions with account/card issuance and management, transaction processing and compliance. It offers access to the FPS as well as Swift, SEPA STEP2, Target2 and soon SEPA Instant Payments.
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