Monese vs Moveney

Monese is the banking alternative you’ve been waiting for. We’re the money app that helps you budget smartly, spend wisely and switch between currencies in a flash. Whether you need a GBP, EUR or RON account (or all 3!), you’ll be able to manage your money straight from your phone and enjoy the flexibility to live, work, travel, study and thrive wherever life takes you. We even have business accounts! Join over 2 million people and open a Monese mobile money account today. It’s simple, fuss-free and easy – so how does it work? • Open a GBP, EUR or RON account, straight from your phone • Easily switch between currencies and manage your money all in one place • Get a contactless Mastercard debit card you can use globally – online, in-store or at ATMs • Spend abroad with no extra fees on card spending and ATM withdrawals • Quickly send and receive money locally and internationally in multiple currencies • Create a virtual card and pay online or in-store for an extra layer of security • Open a joint account to easily spend, share and save with a loved one, roommate or friend With our feature-rich smartphone app, you’ll also get: • Real-time notifications: Instant updates whenever you use your account • A detailed spending overview: Full transparency around your transactions • Savings pots: Put money aside for something special • Apple Pay: A fast, easy and secure way to pay with your Apple Pay • Automatic Direct Debits and recurring payments: the easy way to pay for things like mobile phone contracts, rent, or gym memberships Plus, you can also: • Build your credit score: Use Credit Builder to grow your credit history and savings at the same time (UK only) • Link your PayPal account: Manage your PayPal balance and transactions from Monese, and add your Monese card to your PayPal wallet • Enjoy state-of-the art security features: 3D Secure, card locking, strong encryption and biometric login • Get instant account statements in PDF or XLS whenever you need Enjoy the convenience of being able to send and receive money straight from your phone, get your salary paid in, set up Direct Debits and recurring payments, all while maintaining a complete overview of your earning, spending and saving. Withdraw cash from ATMs worldwide for free, within generous allowances, and add money to your account by bank transfer, debit card, or with cash at over 84,000 locations in the UK, Austria, Belgium, Bulgaria, France, Luxembourg, the Netherlands, Poland, Portugal or Spain. You can open an account with us regardless of your citizenship or financial history, as long as you’re at least 18 years old and live in the European Economic Area (EEA).

Moveney offers merchants the ability to take contactless payments through their own mobile phone. Our Soft Point of Sale (Soft POS) application has been designed and developed to ensure every merchant is able to start taking contactless payments without the need to invest in any additional infrastructure that includes card readers, receipt printers and more. We are committed to simplifying the payments ecosystem for merchants while also ensuring we work towards contributing to the future of the payments industry keeping in mind the larger sustainability goals that humanity has set for itself around reducing plastic wastes and consequently the carbon footprint. Soft Point of Sale is the latest evolution to have seen support from card schemes, acquirers and phone manufacturers allowing us to develop a solution which can be downloaded as an application on to your iOS device.  Our Soft POS utilizes the mobile phones inherent NFC capability to enable merchants to be able to take contactless payments. Moveney will ensure the payments will be settled within 48 hours in most cases. Please note that the first set of settlements upon onboarding will take up to seven days which is also the period that is required for a more detailed verification of the business and to ensure the merchant is legally allowed to trade. - Onboarding: One of the major highlights of our soft POS application is the ease of onboarding. Please ensure you have your business registration details, proof of identity in the country you trade in handy to go through the onboarding process. We anticipate the onboarding process to take an average of about ten minutes provided you have the details that are requested during onboarding. We have designed the onboarding flow in a way that merchants will be able to start taking payments within ten minutes provided they have the details available. - Inventory Management: We recognize that merchant requirements can be diverse and will cover varied aspects of managing their inventory, tracking revenues, analyzing sales, updating stocks apart from taking contactless payments. Our inventory management section allows the merchant to add products, create categories, add cost and selling prices for revenue and profit analysis, add and amend discounts dynamically. We also allow merchants to import the list of products through our csv template. Download our application now and checkout the various features, we have to offer in our inventory management section. - My Terminal: Our Soft POS application ensures we provide merchants with the capability to scale their payments infrastructure without any limits and seamlessly. Our application allows the merch This is by far the most useful feature we are proud of, giving merchants the ability to add as many additional point of sale terminals as they require within minutes and control the permission levels given to these additional terminals. All they need to do is click on ‘Add Terminal’, enter the details and that phone is added under the business as an additional point of sale terminal. It is that easy! - Transactions: Our Transactions section does precisely what it reads. The merchant will be able to view all the payments inclusive of authorized, settled, failed transactions by the available time periods. - Graph and Analytics: We understand sales and revenue insights are paramount to enable merchants to grow their business. We have built this feature where you can explore, the revenue and sales by the day, week, month, terminal, and product while also selecting multiple filters to precisely understand valuable insights that help you grow your business.