April 24, 2018
Monese enables Smart Transactions and Google Pay
UK Android customers can now benefit from a Monese card via Google Pay. Smart Transactions, another new feature powered by Google Places, will give all users more insight into their spending habits and will integrate with an upcoming Money Management solution
Monese, the company that is working on improving access to banking services for the modern, global and mobile workforce, has today announced the enabling of two new Google services. Monese customers can now benefit from the fast, simple way of paying with Google Pay™ on their Android devices, and all users can have even more insight into where they are spending their money with Smart Transactions, powered by Google Places.
Norris Koppel, Founder and CEO of Monese, commented: “Our mission to provide our customers with accessible and convenience at levels that weren’t possible until very recently. Google Pay and Smart Transactions will be helpful tools for our customers who want to have better control over how and where they are spending their money.”
Using Google Pay, Monese customers will be able to easily make contactless payments using just their phone. The new payment service is currently available to Monese UK account users, but will also be available to Monese European IBAN account users, dependent on Google Pay availability in their country, in the near future.
“Snowdrop Solutions has acted as Google Cloud Premier Partner reselling Google Maps premium license to Monese.
Ken Hart, CEO, says: “We are very proud of this collaboration with Monese, one of the most innovative new digital banks in United Kingdom. We really hope to keep working together and making the most of locating the value of location and data from Google Maps Apis.”
To add the Monese card to Google Pay, users need to download the app and follow instructions. It works on Android devices running KitKat 4.4 or higher. If the phone is ever lost or stolen, the information can be locked and erased from anywhere with Find My Phone.
In addition to contactless payment for Android users of Monese, also launching across Europe is the new Smart Transactions feature which provides all customers with a wealth of information about their spending. A comprehensive overview of payments will provide users with added details for retail outlets and service providers, Google mapping, and store information.
A monthly breakdown of expenditure will show customers a total number of transactions, and the total and average amount spent, across suppliers, stores and categories. Users can also edit and classify each payment made using different categories. The data will be integrated into an upcoming money management tool that they can use, due to be released in the coming months.
“This new service is designed to make managing money easier for our customers. Providing useful tools for budgeting and better understanding their spending habits, so that they can take more control of their finances. In the coming months, we will integrate the data with a new money management solution to help our customers save money and make more informed decisions about their finances.”
– Norris Koppel.