Memento and Islandsbanki develop money pool platform
Memento’s digital wallet app, Kass
Digital wallet provider Memento working with Icelandic bank Islandsbanki has deployed a new service to allows users to create money pools for others to chip in, privately or publicly.
The payment service with Islandsbanki has been added as a new feature in Memento’s digital wallet app, Kass.
According to Memento, its wallet platform is designed to solve any payment needs within one wallet service, which includes paying friends, splitting costs, buying online or instore and more. It’s also a digital wallet platform that banks and other financial institutions can licence as a white-label product.
Gunnar Helgi Gunnsteinsson, co-founder of Memento, says “the money-pooling platform works both as added service for Kass users but also a great awareness tool for the service. With almost all interactions between people taking place on social media, it is strange that banks are not visible there – today they’re not part of the discussion – apart from fancy advertisements.”
