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Wireless

Masmovil to launch bank service under Yoigo brand - report

Tuesday 17 April 2018 | 10:11 CET | News

Spanish operator Masmovil is set to launch a banking service under its Yoigo brand in the next few weeks, according to unnamed sources cited by business daily Expansion. The pilot launch follows an agreement reached at the end of last year with Cetelem Espana, a subsidiary of France’s BNP Paribas, to create a financial services joint venture. Yoigo will begin rolling out services via its retail network starting with a credit cards possibly called Yoicards and pre-agreed loans from Cetelem.

Other advantages for Yoigo customers will include exclusive financing deals for new smartphones, said the report, adding that the partners are still waiting for full authorisation from the Bank of Spain to create a financial establishment credit entity.



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Categories: Mobile & Wireless
Companies: Masmovil / Yoigo
Countries: Spain
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