Nickel, the French low-cost bank that wants to conquer Europe

2023-09-21T17:55:26.248Z

Highlights: BNP Paribas subsidiary distributing current account in tobacco shops is setting up in Germany. In France, the Nickel account has been the surprise success of the banking world in recent years. In Germany, the neobank has entered into a partnership with a network of lottery counters (Ilo Profit) to distribute its banking offer. With the same recipes: a current account without the possibility of overdraft; a Mastercard payment card, traditional online banking services (transfers, application, etc.) or the possibility to withdraw or depositing cash at points of sale.

The BNP Paribas subsidiary whose current account is distributed in tobacco shops is setting up in Germany. In France, its success is undeniable.

A simple, cheap offer, distributed in tobacconists: founded in 2014, the Nickel account has been the surprise success of the banking world in recent years in France. The company, which was acquired by BNP Paribas in 2017, has since launched internationally. After Spain in 2021, Portugal and Belgium last year, it is settling down in Germany as planned. "This is a key step in our international development and our European expansion strategy defined in 2019," said Marie Degrand-Guillaud, Deputy CEO of Nickel.

In Germany, the neobank has entered into a partnership with a network of lottery counters (Ilo Profit) to distribute its banking offer. With the same recipes: a current account without the possibility of overdraft; a Mastercard payment card, traditional online banking services (transfers, application, etc.) or the possibility of withdrawing or depositing cash at points of sale...

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Source: lefigaro

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