The company came to the market on April 1, 2016 and since then it has achieved a volume of transactions in excess of 500,000 euros per month. For several months, the founding team of PayPro has been forging a more ambitious plan that allows to offer a comprehensive banking solution. This is explained by Pablo Ruiz, CEO of PayPro: "offering a payment platform during the last year has brought us the necessary experience to continue evolving to become a bank, but above all has confirmed how necessary this evolution is , Since the market is asking for it. "Gabriel Llambias, CFO of PayPro continues:" Having spoken with hundreds of bank customers in recent months, we have seen that most of them are not satisfied with their bank. In fact, the latest studies report that 1 in 3 millennia will change banks in the next 3 months. "
Thus, The PayPro will launch the PayPro App in August of this year, in order to save and manage money in a simple and transparent way. In this way, anyone can download the application of the App Store and open a fully functional bank account through the app.
Once the account has been opened, the user will receive a VISA Debit card at home, which can be used in any country in exchange for a 0.5% commission, compared with 5.75% that usually apply conventional cards. In addition, the application allows instant payments to any person on the contacts agenda and share travel or gift expenses, for example.
Currently, the application is in the testing phase and is awaiting impending approval by the corresponding regulators. From the company, they ensure that PayPro complies with all the applicable banking regulations and with the highest standards of quality. "Saving money on PayPro is even safer than doing it on a bank because, since we are unable to grant credit, money is always saved instead of where we do not have access," says Pablo Ruiz. In addition, the company has the support of prestigious investors such as Wayra, the accelerator of Telefónica.
PayPro App will be limited to 2,000 customers at the beginning, but anyone who wants to request your account can do it here. In return, you can obtain a limited edition card for the first 2,000 customers that register before the release of PayPro in August.