Vivid Money Neobank Now Supports Apple Pay in France

Tuesday February 16, 2021 3:06 am PST by Tim Hardwick

Vivid Money now supports Apple Pay in France, the neobank has announced.

As spotted by iGeneration, the Russian-German mobile bank announced the development on its Twitter account, and users have already confirmed that they're able to add their Vivid Visa card to Apple's Wallet app this morning.

Launched in France last November, the neobank offers 25% cashback on daily expenses as well as a commission-free shares and FCBs investment mechanism that allows users to buy fractions of shares from 1 euro cent, which makes it more a rival for the likes of Revolut rather than a traditional bank.

Apple maintains a complete list of the countries where ‌‌‌‌Apple Pay‌‌‌‌ is available on its support site, and we have a detailed Apple Pay roundup with everything you need to know about Apple's payments service.

Related Roundup: Apple Pay

Tag: France

Top Rated Comments

kyjaotkb

3 weeks ago

25% cash back?!?! whats the catch

Perhaps they ask you to sell Herbalife products?

Score: 3 Votes (Like | Disagree)

foobarbaz

3 weeks ago

25% cash back?!?! whats the catch

"up to 50€" and "for the first month". So it's more of a one time reward for signing up via an invitation link. The person sending the link gets two months.

They're basically burning cash to get users, as many startups do.

Score: 2 Votes (Like | Disagree)

calstanford

3 weeks ago

Slow news day it seems...

But yay for more Apple Pay partners!

Score: 1 Votes (Like | Disagree)

ilikewhey

3 weeks ago

25% cash back?!?! whats the catch

Score: 1 Votes (Like | Disagree)

DeepIn2U

3 weeks ago

25% cash back?!?! whats the catch

I read that and also thought ...

a) how is that sustainable for the business, and
b) what's their yearly interest fees like?

Score: 1 Votes (Like | Disagree)

svanstrom

3 weeks ago

25% cash back?!?! whats the catch

Looking into it the catch seems to be that you don't actually get the money, rather the value of that cash back you can "invest" in stocks; and what you actually could get is the increase in value from that.

So you might have 150 play money as a virtual "cash back"; and if you "play invest" that so it goes up by 3%, then you can cash out 4.50.

Score: 1 Votes (Like | Disagree)

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