So it was announced at the Bestia Budapest Restaurant the new service, named “Moneytou”, which had been developed in Hungary and will initially operate with cards issued in Hungary, rolled out from October, 3. 2019. Easily send money to each other using a brand new feature available in the Viber mobile app. and within plans for it to be out in other markets as well as on a global scale. The new feature, which leverages Mastercard’s Send technology that is a result of an exceptional cooperation of Rakuten Viber and Mastercard allows users to send and receive money immediately through the app in a secure, fast and easy way. The innovative service behind Moneytou has been developed by NeoPay with the aim of making the service available to customers of most Hungarian banks from the very start.
Ms Cristina Constandache – Chief Revenue Office at Rakuten Viber said: Q.: “We’re happy to announce the upcoming launch of Moneytou, a strategic project launching in Hungary, which will offer a unique payment solution for all our users in the country. Partnering with Mastercard and NeoPay has enabled us to offer Hungarians the ability to easily send, receive and transfer money to friends and family with just a few taps. Continued saying Q.: “Our mission has always been to bring valuable solutions to our users by opening up our platform to allow for partnerships with innovative companies. We are excited and eager to roll out Moneytou in more countries by the end of the year.”
Customers will be able to benefit from the speed of transactions, with funds being transferred within a matter of minutes, including evening hours and weekends. As Saturday’s are the Party Time for many young adults, this service will most probably be number1 to gain money in just a wink in use of this transfer mood with special discount on Moneytuo. This discounted rate ends at the end of 2019. On these days transfer fee for amounts within 3000 HUF will be 49 HUF and for higher amounts it will be 49 HUF + 1,5% of the sum above 3000 HUF. From Sundays to Fridays the transfer fee for amounts within 3000 HUF will be 79 HUF; while for higher amounts it will be 79 HUF + 1,5% of the sum above 3000 HUF.
The transferred amount will appear in the recipient’s balance and is immediately available to spend by card or withdrawn in cash. To launch the app feature, consumers will need to tap a separate Moneytou icon within the Viber app. Once they have done this, they’ll be able to send money to friends or family members without having to use their bank account number or waiting for the transfer to go through. For easy trouble shooting the feature’s online chatbot is always ready to help.
“Leveraging Mastercard Send technology and NeoPay’s new service, Rakuten Viber’s customers will be able to benefit from near-instant money transfers, meeting the consumer demand for an always-on payments network. Whether customers want to split a bill, pay back money to a friend or put their children’s pocket money directly onto their card, Moneytou can enable this instant transaction in an easy and secure way for all Viber users” said by Gabriel Ghita, Vice President, Business Development at Mastercard.
“The good thing about Moneytou is that is works incredibly easily: users only need to register once, and from then on, money is “just one of the many things” that they can share within Viber. The transaction takes place between the cards of two private parties which means that Moneytou is not a “wallet” application. Our company’s goal in the first phase of expansion, is to also appear in more than 25 million Rakuten Viber users’ apps in Ukraine, Romania, Serbia and Bulgaria” outlined by Gergely Benda, NeoPay’s founder-executive.
The service’s financial and technological background is provided by Libra Internet Bank and Wirecard with the use of Mastercard and VISA instant payment systems. This kind of partnership is perfectly suited for our organization, as we are highly customer oriented, agile and digital intensive” said by Emil Bituleanu, CEO Libra Internet Bank.
“The cooperation of these outstanding partners and the innovative payment technology developed by NeoPay have attracted GB & Partners Investment Management. The Exim Crossborder Fund managed by GB & Partners invests in NeoPay thus providing the financial background for the launch of Moneytou first in Hungary and then potentially in neighboring countries” added Gábor Bürchner investment director of GB & Partners.
Rakuten Viber’s groundbreaking money transfer feature is now available for consumers, adding another really important application of payments to our innovative range: peer-to-peer transfers” commented Endre Eölyüs, Country Manager of Hungary and Slovenia at Mastercard.
Source: Press Release
Update Aggie Reiter
Rolling in Budapest 