Yolt plots ‘Yolt Pay’ launch

The money app aims to develop its product offering by introducing new payments and smart saving features later this year.

Smart money app Yolt plans to develop more partnerships for its marketplace as well as launching a new payments feature “Yolt Pay” ahead of an expected busy year for the company.

Money platform Yolt had a productive 2018 having surpassed half a million registered users across the UK, Italy and France, according to the company. The platform, an ING Bank venture launching back in 2016, brings together its users’ banking accounts in to a single app. This assists the user with managing expenses, savings and their investments.

Having partnered and integrated numerous companies on to its marketplace last year, the company plans to continue building new partnerships in 2019. Last year saw the platform integrating with the likes of Wealthify and State Street backed PensionBee.

In addition to the plans of developing its marketplace, Yolt will be launching a new feature named “Yolt Pay” which is currently in testing. The feature will enable its users to send money to friends and family as well as transferring between their own accounts.

Further plans include launching a smart saving feature and expanding further through Europe having successfully launched in Italy and France in 2018.

Frank Jan Risseeuw, CEO at Yolt, said in a statement: “Advances in technology and regulation are already generating a growing openness to cross-industry partnerships and we can’t wait to introduce new features to Yolt.”