Client and
Brief
Trading 212 is a fintech company that democratizes the financial markets with free, smart and easy to use apps, enabling anyone to trade Stocks, ETFs, Forex, Commodities, and more. Trading212 disrupted the stock brokerage industry by offering the first zero-commission stock trading service in the UK and Europe, unlocking the stock market for millions of people.
Challenge
Trading212 is one of the largest brokers in the UK and aimed to launch a payment card enabling its customers to use their brokerage balance for daily purchases and expenses.
With millions of customers already onboarded, this integration of a payment card service will not only enhance the overall user experience but also help Trading212 expand its business, offering a seamless bridge between investment portfolios and daily financial transactions.
Solution
The strategic collaboration between Trading212 and Paynetics as a card issuer, opens a significant advantage for users. Upon purchasing the card, the account is funded in real time, allowing immediate access to available funds. This integration enables seamless usage of the brokerage account for card payments, offering a convenient and efficient way for users to manage their investments and daily transactions simultaneously.
Outcome
In just a few months, Trading212 successfully integrated the new functionality, enabled Apple and Google Pay, and outpaced its competitors by offering a broad range of features. During the pilot phase, they registered 100,000 users for early access to the Trading212 card, powered by Paynetics.