In this era of wi-fi connectivity and smartphones, hardly anything is not available online. Be it retail, travel, and entertainment, just about every product or service can be obtained if not DIY-ed with a click of button or a tap of a screen.
Banking has been no exception, with an increasing number of financial institutions updating their websites and/or launching apps to make transacting “easier” for their customers.
However, despite constantly developing what they market as new features, many banks are also guilty of limiting what their clients can do, be it through unnecessary fees or unreasonable restrictions.
This, among many others, is what Black Banx continues to set out to change.
Founded in 2014 by German billionaire and CEO Michael Gastauer, Black Banx’s mission is to unlock a borderless financial system for everyone where money can flow freely.
Since it’s official launch in 2015, the company has earned over 20 million customers and counting, many of whom have gone global with their digital banking experiences thanks to the following:
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Transfer Money To And From Almost Anywhere In The World
Digital or mobile banking isn’t truly “mobile” if one is restricted to transacting within just one or even a handful of countries. Operating in as many as 180 countries and counting, Black Banx provides customers the ability to send and receive money to or from almost anywhere in the world in real time.
Between travellers making up for lost time stuck at home in the last few years and professionals taking advantage of the continued emergence of remote-work set-ups, the ability to send and receive money from anywhere in the world sans large fees is what puts the “mobile” in mobile banking.
Access To Multiple Currencies
Mobility in banking may not be as meaningful when the type of currencies customers can access is limited. Unfortunately, most traditional banks often only trade in the currency of their locale along with the more typical currencies the USD, Yen, and the like.
Not one to impede its customers, Black Banx makes it easy for customers to transact from wherever they are by allowing them to hold funds and send and receive payments in as many as 28 currencies, as well as freely convert currencies between multiple accounts.
Of course, some still have a preference for paying via card instead of their phone or computer, and Black Banx ensures they also have their options by offering virtual or physical debit cards in different currencies.
Customer-Configured Account And Card Limits
A common customer gripe regarding banks in general is how there are limits set across their accounts, be it minimum maintaining balances or the maximum amounts which they can send or spend.
A financial institution intent on being centred on the customers it serves, Black Banx does away with the traditional bank-imposed limits in favour of customers being able to configure the limits for their own accounts and cards.
This ensures true flexibility for account holders, who can access their funding and make transactions wherever and whenever they need, and not miss opportunities to make investments or get good deals or address emergencies as they happen.
As new digital products and solutions emerge on a regular basis, there is no reason for anyone to settle on digital banking that simply allows them to transact on their phone or computer. While already making transacting anytime and anywhere easy for customers, institutions like Black Banx continue its commitment to redefining digital banking with custom products and solutions geared towards evolving client needs.
