About

With Lydia's 100% mobile and digital current account:- Spend money abroad without any fee on payments nor withdrawals- Pay contactless anywhere using any mobile device (no amount limit, fully secured)- Manage all of your bank accounts from one single app- Send money instantly to a relative using their phone number- Pay online safely using unlimited Internet Cards- Set-up Shared Accounts to share expenses fairly (couple, flatshare, trip with friends)- Get notifications instantly to keep up with your expenses....and so much more!

Focus

PRODUCTS & SERVICES

Lydia is a mobile payment app that provides payments for online purchases, friends, restaurants, etc. It is an all-in-one app that provides various features like monitoring all user bank accounts, make bank transfers, creating online money pots, pay the money back friends by text message and email, pay businesses using contactless or QR codes and set recurring payments. It has launched a new feature that allows the user to add new IBAN recipients, using an old IBAN account, send money, or schedule reoccurring transactions. It also allows users to see an overview of all of their accounts within the app.

REVENUE MODEL

The company earns revenue by offering freemium plans and transaction fees. 1) Lydia premium, a subscription plan which costs $3.69 per month. 2) Merchants pay 0.3% per transaction and monthly fees varying between € 4.9 - € 49.9. 3) Pay with Lydia option on e-commerce websites. merchants pay 1.5% + fixed fee of €0.06 per transaction.

MAIN CLIENTS

Retail Consumers

EXISTING PARTNERSHIPS

Payline (by Monext

Crédit Mutuel Group ARKEA)

Financial Company Interbank Electronic Purse (SFPMEI)