Berlin-based fintech, Vantik, has announced a partnership with Mastercard and Banking-as-a-Service (BaaS) platform Vodeno. Vantik was founded in April 2017 The deal sees the creation of a free debit Mastercard with “long-term savings” options. Users of the new “Vantikcard” receive 1% cashback on every purchase, automatically invested into a sustainable pension fund. The debit Mastercard provides traditional bank card services through direct charging from a personal bank account. It can also connect to a preferred account on Google Pay and Apple Pay. Vantik argues that saving for retirement is “integrated into everyday life”. It avoids “the bureaucracy and complexity” of…
Pension builder Vantik signs card partnership with Mastercard