The Dutch nobank Bunq is today launching the 4th major version of its mobile application, centered on expense management.
Inflation and the deterioration of the economic context are inspiring mobile nebanks and other payment applications. They see it as an opportunity to enhance their technological know-how by offering new budget management features. Bunq is one example, among others.
Ten years after its creation, the Dutch nobank unveiled this evening the 4th major version of the mobile application which serves as its sole relational channel with its customers. It is loaded with features that allow users to get a better view of their spending habits and beat inflation, said Ali Niknam, CEO and founder of bunq, in a press release.
Main novelty, Easy Budgeting (easy budgeting in VF) allows you to create and feed sub-accounts corresponding to different categories of expenditure (food, shopping, holidays). Thanks to a technology designed by Bunq in the process of being patented, the expenses are automatically deducted from the sub-account associated with the category of expense, details the nobank in a press release.
A principle that transposes the paper envelopes used by our grandparents into the digital world. Filled with cash, at the beginning of the month, depending on the money available for each budget item, they allowed them to follow the evolution of their expenses from day to day, to last until the next salary. Simple but effective.
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Another novelty: group expenses make it possible to fairly share the costs related to an event (a birthday, a weekend, etc.). Does this remind you of something? It makes sense: Bunq acquired in May 2022 Tricount, the Belgian fintech that popularized the concept of shared expenses.
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