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App-Only Banks

LunarWay Wants to Revolutionize Banking by Only Having an App

— July 18, 2016 — Tech
LunarWay wants to revolutionize the way people bank by having people bank solely through an app. The Danish based tech company is an app-only bank that allows users to deal with all aspects of banking without ever having to go to an actual branch -- it even allows quick mobile signups.

LunarWay offers users a free account and a free debit card or credit card with an account. The app utilizes biometrics to sign in on the app with a finger print reader. The app makes it easy for users to set up bill payments, users simply need to take a picture of the bill and send approval of payment and LunarWay takes care of the rest.

LunarWay is aimed at the Millennial banker who wants convenience and security. The app-only banking is certainly going to challenge the "antiquated business model" and how consumers bank on a daily basis.
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