Tinkoff Bank spin-off Vivid Money is launching in Germany

Vivid Money is a mobile banking startup spinoff owned by russian Tinkoff Bank – and will soon be launching in Germany based on a partnership with Solarisbank and VISA. Users can sign up for a mobile account using their smart phone in just a few minutes and are given a free visa metal debit card for non digital payments. Solarisbank will provide a fully licensed “Banking-as-a-service” platform and VISA will serve as exclusive payment technology partner. According to VISA, the time is right for this offering to enter the German Market: “The payment behaviour in Germany is currently changing rapidly – consumers increasingly want to pay digitally – mobile and contactless. This is why the launch of the mobile-first Visa Debit card by Vivid comes exactly at the right point in time.”

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