Payment app Zeux has launched a Visa card to satisfy what it refers to as a growing appetite for a “phygital” – physical and digital – banking experience.
The company made the decision after noticing a growing demand for a physical Zeux Visa card.
The new card enables the holders to enjoy features such as zero exchange fees when paying abroad , no additional fees on any overseas transactions, ability to track spending, the ability to send and request money to and from friends, instant payment notifications and the ability to pay with cryptocurrencies using the physical Visa card.
CEO and founder of Zeux, Frank Zhou said: “Consumer adoption of FinTech services in the UK is seeing impressive growth, though the cautionary approach we are known for as a nation holds us back from competing with countries like China and India,” said Frank Zhou, CEO and founder of Zeux.
“When we moved from cash to credit cards, consumers still carried cash with them for a transition period, until the cards became second nature and felt safe. Similarly, when Apple Pay was first introduced, consumers continued to carry their credit cards, ‘just in case’. Building trust with UK consumers takes time, and this is a factor that is often overlooked by FinTechs: developing systems they ‘think’ the consumer wants will only create a landfill of solutions that no one ever asked for. Knowing your customer has never been more important.”
