Sunrise and Yapeal Agree Partnership for Mobile Digital Swiss Financial Services Appby Company Announcement July 6, 2020
YAPEAL is launching its product today. YAPEAL will be providing fully digitalized financial services without the need for a third-party bank: a Swiss bank account with a customizable IBAN, Switzerland’s first Visa Debit card, and a Mobile Pay payment option.
“Sunrise and YAPEAL complement one another perfectly. Together they represent reliable, digital, real-time mobile payment and financial services. The joint promotional campaign for Digital Natives (young people up to age 30) is the first step. By developing joint business models, we want to provide innovation for digital financial services going forward,”
enthuses André Krause, CEO of Sunrise.
“This joint launch is an important first step. Our mid- and long-term objective together with Sunrise is to create new products that make handling money in the digital world even easier by integrating our services. As a digital fintech business, we are setting new standards when it comes to the convenience and efficiency of financial services. Collaborations with strong partners like Sunrise and Visa are clear votes of confidence in the best fintech team,”
emphasizes Thomas Hilgendorff, CEO and Co-Founder of YAPEAL.
YAPEAL is the first – and to date the only – business to have received a Swiss fintech license from the Swiss Financial Markets Supervisory Authority (FINMA). YAPEAL offers fully digitalized financial services without third-party bank involvement, from a single source and in real time: From account opening to payments in Switzerland, overseas, and while shopping online. Everything is processed and displayed instantly.
The account balance on the app is always up-to-date. YAPEAL offers the best exchange rates for foreign currency transactions and does not charge fees. What’s more, thanks to the fintech license, 100% of YAPEAL account balances are deposited with the Swiss National Bank as YAPEAL doesn’t work with customer money (no investments, credit transactions, or similar).
The starting offer includes a Swiss bank account with a customizable IBAN (e.g. CH5783019ILOVESUNRISE), Switzerland’s first Visa Debit card, and a Mobile Pay payment option. Coinciding with the YAPEAL launch, today a Sunrise promotion is starting for customers aged 18 to 30. They can test YAPEAL for 6 months without any account fees.