Mobile Banking Supercharged for the Unbanked by UK digital banking challengers BAANX & LDJ DIGITAL
By: Share Internet Data Ltd
LDJ Digital, the brain-child of LDJ Capital Inc. and Share Internet Data Ltd, has inked a partnership with London based Baanx Group Ltd to boost its mobile digital banking services for the unbanked.
LDJ Digital and Baanx aim to help eradicate all forms of poverty by creating a mobile app that will provide access to financial services in its most basic forms to the unbanked.
Baanx Group Ltd. CEO Garth Howat voiced his excitement and support on this partnership with LDJ Digital. "Following the signed LOI a few months back, we are delighted with the collaboration with LDJ Digital and will be proceeding to seal a legally binding long term JV agreement. We're looking forward to participating in the end of September launch of the LDJ Digital app," CEO Howat stated.
"With a roadmap to include free internet accessibility and several unique selling points, LDJ Digital truly differentiates itself from other mobile banking services and platforms." LDJ Digital and LDJ Capital Chairman David Drake said.
There will be no transaction fees for payments or transfers between LDJ Digital account holders. It also acts as a debit card, which account owners can use to pay for online and store purchases with access through global ATMs.
Most of the modern online banking companies focus on people in the age range of 18 years and above already banked users. LDJ Digital promotes financial inclusion and will allow unbanked and people as young as 16 years old to register for their first account with their mobile banking app. The LDJ Digital ecosystem is setup to support a robust community that embraces social and financial inclusion among others," LDJ Digital CEO Jose Merino added.
In a recent report by The Sun, "there are currently around 1.5 million people in the United Kingdom that are considered unbanked or those who do not have a standard current account".
The initial roll out of the LDJ Digital banking app will start across the European Economic Area (EEA) and will continue expanding from there. The EEA is identified as the second biggest global market region behind the US according to a Global News Wire recent report.
Those first respondents on our website will get priority access. Registered members will be able to create their online banking account in just three minutes. Members will have access to an account supporting multiple currencies like USD, EURO, and GBP and various cryptocurrencies BTC, BCH, XRP, ETH and more. The members will also have the privilege of using the associated debit card for shopping online and in stores around the world.