SONECT, a Switzerland-based FinTech company and Electronic Money Institution (EMI) that connects consumers to cash access points and provides banking enablement to businesses, has announced an expansion of its services across the European Union. This strategic move underlines the company’s commitment to meet the increasing demand for flexible cash and banking solutions in the region.
Opening up new markets will enable SONECT to offer more efficient services to individuals, non-financial institutions, banks, financial organizations and other companies across the EU. SONECT expects greater flexibility in responding to localized market and user needs by establishing itself throughout the European Union.
“Expanding our presence in the EU by entering local markets underlines our commitment to providing accessible cash and banking solutions for our partners and communities,” said Konstantinos Birtachas, CEO of SONECT. “This move allows us to be at the forefront of fintech -Industry and market advancement and to provide a seamless and responsive service Our ability to offer our services in new locations is also a testament to our immense growth and improved operational capabilities. Our goal is to become “virtual ATMs”. to every corner of the continent.”
With this move, SONECT reaffirms its promise to provide safe, efficient and sustainable cash withdrawal and banking solutions, taking another step forward in revolutionizing cash availability and banking on an international scale. It signals that SONECT wants to become a major player in the digital financial landscape on a local and global level.
The SONECT cash withdrawal app is available throughout Switzerland and Italy and can be downloaded from the App Store and Google Play Store anywhere in the EU. The SONECT application is fully integrated into the open banking aggregation network TWINT, giving Swiss users another option to use the application. With this expansion, the application will soon be fully functional in the other Member States of the European Union, offering EU citizens a convenient alternative to traditional ATMs when they want to withdraw cash.
Information about SONECT:
SONECT, a Swiss fintech company, is dedicated to developing digital financial products, including cash withdrawal applications. It also specializes in banking empowerment by lending its license to companies that want to offer financial services. With a solid presence in the Swiss and Italian markets, the company has become a recognized brand in the region, allowing it to explore new horizons.
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