Bankkit has launched in the UK with its new banking app, offering foreign exchange and overseas bill payment functionality and an integrated current account.
Customers will have access to Bankkit accounts in 23 countries for bill payments, including Argentina, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, Ghana, Guatemala, Honduras, India, Indonesia, Jamaica, Jordan, Kenya, Mexico, Nepal, Nicaragua, Nigeria, Pakistan, Peru, Philippines, United Arab Emirates, and Vietnam.
The firm, which claims users can open a UK bank account “in minutes”, also offers dark web cybersecurity protection and terminal-free, instant B2B and B2C QR code-based merchant payments.
The start-up claims that without monthly terminal fees, no commission on transactions and no limit on the number of transactions, businesses could save “thousands of pounds” with the QR code enabled Bankkit Pay.