Starling Bank, a UK-based next-generation bank, has launched its first contactless debit card and concluded first card payment, in collaboration with global payments and technology company MasterCard, and card processor GPS.
This new partnership will enable the British challenger bank to issue fully functioning contactless debit cards to accompany its mobile banking app, which is expected to be launched in 2017.
The app will connect what is spent on the card with predictive insights, financial wellness, and money management tools, according to the bank.
Starling Bank COO Julian Sawyer: “Partnering with MasterCard for our debit card means our customers will be able to use this to complement our full set of banking features – including direct access to Faster Payments, direct debit, and overdrafts – in a secure and convenient way.
“Whilst we are still in the earliest phases of testing our cards, making our first payment is a huge step for Starling. We have the licence, the technology, and now the card. All that’s left is to bring you the app.”