DGAP-News: IuteCredit Finance S.à.r.l.
/ Key word(s): Miscellaneous
IuteCredit expands service offering receiving e-money license in Albania IuteCredit customers will enjoy the ability to receive their loans directly to their electronic wallet, the MyIute app, and use it to make e-money payments. This way, IuteCredit customers, can make peer-to-peer transfers in real-time, pay loan installments, utility bills, and local taxes, recharge their mobile account, transfer money to their bank account or even pay for their goods in online stores or in stores with QR and proximity payments. With the payment function, the MyIute app adds value to e-commerce, point-of-sale or places where payments were previously unimaginable, solving existing problems for a wide range of market players and opening up opportunities to create new markets. While offering IuteCredit customers a one-stop-shop service that allows all services to be performed online, IuteCredit is thus tapping into new revenue streams that have high scalability potential due to the large number of small transactions. Tarmo Sild, CEO of IuteCredit Europe: "The launch of the payments business by our Albanian subsidiary with the approval of the Bank of Albania is a milestone in IuteCredit's strategic business development. Our goal is to continuously expand the product offering we provide to our customers digitally and on mobile, by exceeding customers' expectations. Starting with our Albanian customers, we offer a new exceptional experience in personal finance with the launch of the payment function in the MyIute app. We not only want to participate in the development of the mobile payment market in our customer countries but also play an active role in its enormous growth." IuteCredit plans to offer new services to its customers on a wide scale starting in spring 2022, once the necessary developments and integrations with banks and partners have been completed. Kristel Kurvits, Group Chief Financial Officer (CFO) IuteCredit - established in 2008 - is a leading European personal finance company. The Group is specialized in consumer credits via its 100% subsidiaries using equity and loan capital. IuteCredit serves customers currently in Moldova, Albania, North Macedonia, and Bulgaria as well as Bosnia and Herzegovina. IuteCredit's loan products are unsecured consumer loans with maturities between 1 month and 48 months and car-secured loans with maturities up to 72 months. IuteCredit operates its own ATM network which is used via smartphone app. The mission of IuteCredit is to create the extraordinary experience in personal finance by exceeding customers' expectations. www.iutecredit.com 04.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | IuteCredit Finance S.à.r.l. |
14, rue Edward Steichen | |
2540 Luxembourg | |
Luxemburg | |
ISIN: | XS2033386603, XS2378483494 |
WKN: | A2R5LG |
Listed: | Regulated Market in Frankfurt (General Standard) |
EQS News ID: | 1276873 |
End of News | DGAP News Service |
1276873 04.02.2022