20,000 people downloaded Keks Pay in less than two months. Users sent and received HRK 2.5 million through the app. Users recognised the advantages of Keks Pay, which lets them transfer money securely, simply and completely free of charge, regardless of which bank they have an account in.
According to Forbes, the innovative Keks Pay app, which Erste banka launched in mid-December 2018, is one of the rare European apps that have the potential to secure a place in the future banking services market before the arrival of global giants like Alipay. The distinguished American business portal recognised Erste as one of European banks that decided to offer their own solutions in response to the EU’s new PS2D2 regulation, introducing open banking to the market.
Keks Pay attracted 20,000 users in less than two months since its launch. They initiated HRK 2.5 million worth of transactions, the average transaction amount being HRK 120. As many as 65% Keks Pay users are other banks’ clients. Only 35% have accounts in Erste banka.
The app is available for free for Android i iOS. The daily transaction limit is HRK 1000 per person.
“Keks Pay proved to be the ideal app to meet a range of everyday financial needs, such as collecting money for joint celebrations or lunches, buying gifts or splitting travel expenses. We are happy that our breakthrough has gained global recognition and we consider it a confirmation of our position at the top of the tech trends in financial industry with Keks Pay. Still, this is only the beginning. We are working daily on improving the app and our present and future users can expect Keks Pay to keep getting better and better,” says Dejan Donev, head of the Digital Transformation Team at Erste banka, which developed Keks Pay.
Keks Pay lets friends, family and acquaintances send and receive money quickly and securely, and completely free of charge. Users do not even have to know the recipient’s account number. All they need is to have their mobile phone number in their contacts. This is the first banking solution in the Croatian market designed for all users, regardless of which bank they have an account in.