N26 will bring Apple Pay to customers in Spain later this year

N26, the Europe’s first mobile bank with a full European banking licence, announced that will introduce Apple Pay in Spain later this year.

„When we recently broke the news that we’ll be bringing Apple Pay to Italy, we received dozens of messages asking when we might introduce it to more countries. Like we said last time, we’re always listening to your feedback and working hard behind the scenes to deliver on many of your most wanted requests. Later this year, N26 will bring Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient, to customers in Spain.”, the company says.

Another example of the innovation for which N26 is so well known was announced at the end of last month when company say that
will expand the services and products available to its customers with the introduction of N26 Insurance. In partnership with the leading German Insurtech Clark, N26 will offer a fullly digitized insurance service.

„This is the next step in N26’s strategy to become the one-stop app for all of its users’ financial needs by leveraging innovation from companies around the world. The cooperation will allow N26 customers to manage their insurance in a fully digital manner within the N26 app. Instead of hundreds of pages of insurance documents, users will see all important information on one screen. By the end of July, a Beta version including first features will be available to all N26 customers in Germany.”, according to the press release.

N26 is Europe’s first Mobile Bank with a full European banking license and is setting new standards in banking. According to the company, „N26 has redesigned banking for the smartphone, making it simple, fast and contemporary.”

Opening a new bank account takes only eight minutes and can be done directly from your smartphone. Users receive a Mastercard to pay cashless or withdraw cash all around the world. They can block or unblock their card with a simple click and send money instantly to friends and contacts.

N26 was founded in early 2013 by Valentin Stalf and Maximilian Tayenthal. In two years N26 has acquired more than 300.000 clients in 17 countries: Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Portugal, Slovakia, Slovenia, and Spain and currently employs 200 people. Since January 2015, N26 has been available for Android, iOS, and desktop. N26 has raised more than $55 million from investors.