UnitPlus partners Vodeno and Aion for 'pay-with-portfolio' ETF solution


Berlin-based fintech UnitPlus has partnered with banking-as-a-service (BaaS) provider Vodeno and digital bank Aion to launch the world’s first exchange-traded fund (ETF) investment solution with an integrated payment mechanism, allowing customers to pay with funds drawn directly from their ETF investment portfolio.

UnitPlus customers can pay with funds drawn directly from ETFs

The new offering enables savers to invest their spare cash in ETFs – a type of investment fund traded on stock exchanges – and have instant access to their money for everyday spending.

UnitPlus CEO and co-founder Fabian Mohr says the product offers a “flexible way of investing” and enables customers to “both invest money smartly and conveniently ‘pay with your portfolio’”.

Touted as a way to fight “record inflation”, customers can pay with their portfolio by using the UnitPlus debit card free of charge.

Aion Bank and Vodeno provide the “banking backbone” for UnitPlus, including card and payment functionality, authentication and compliance, with Aion’s ETFmatic solution providing access to worldwide markets.

This is the first time ETF portfolios are being integrated in the international payment space, UnitPlus claims.





Image and article originally from www.fintechfutures.com. Read the original article here.