Inbank announces the launch of Inpay, a new generation payment app and card.
With this, Inbank enters the credit card market in Estonia.
According to Jan Andresoo, Chairman of the Management Board at Inbank, nothing
innovative has been done in the Estonian cards market for the last ten years and
there is room for a new and significantly better product. 'Because bank cards
are mainly used for everyday purchases, we saw an opportunity to fill this niche
with a competitive offer. Inpay is the most rewarding and convenient payment
solution for everyday shopping,' said Andresoo.
Adding that innovation does not necessarily mean reinventing the wheel, it can
also mean simplifying something and creating a better user experience. 'Today,
it is clear that a wallet-free life is the new norm. That's why we started
designing Inpay by creating a mobile app first, and the card is more like an
accessory these days,' said Andresoo. Inpay users can make unlimited contactless
payments with Apple Pay, which can also be used on all Apple devices.
Moreover, Inpay is the first credit card in Estonia to give cashback from
purchases. Together with the new payment solution, Inbank is also the first bank
in Estonia to launch a 14-gram metal credit card with contactless functionality.
To use Inpay, you need to download the app and create an account, which only
takes a few minutes. The virtual card can be used immediately, the Mastercard
credit card will be sent to your home address by post within 10 days. Inpay can
be used by customers of all banks; there is no need to change your home bank.
Inbank is a consumer finance focused digital bank active in the Baltics and
Poland with additional deposits accepted in Germany, Austria and the
Netherlands. Inbank has over 3,200 active partners and 650,000 active contracts.
Inbank bonds are listed on the Nasdaq Baltic Stock Exchange.
Additional information:
Merit Arva
Inbank AS
Head of Corporate Communications
merit.arva@inbank.ee
+372 553 3550
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