European mobile banking service Pocopay has launched in Estonia, the Netherlands, and Spain.
The startup, which intends to launch in more countries soon, said that it will offer a range of mobile-based services, but will not take deposits or offer loans.
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The company offers customers an account with Iban to manage money and view transactions through an iOS or Android app, and a MasterCard debit card for a fee of EUR2.90 per month.
Pocopay also allows users to transfer funds using email or QR codes, and request and accept funds for bill splits.
The firm operates with a workforce of 50 bankers, techies and designers, headed by ex-Hansabank Group CEO and chairman of Bank Saint-Petersburg Indrek Neivelt.
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