NodusPay is a new financial management app, recently launched on the market, aimed at managing finances quickly, safely and easily. It is mainly focused on Latin American Community, becoming the first platform in Spain with this target, although it can be used by any citizen who wants to manage their money effectively and easily.
NodusPay starts thanks to the support of leading fintech in Europe such as Solaris or Finleap Connect, and will work with the global solutions of Visa and ViaFintech (ViaCash), a Paysafe company. It was born about three years ago in Spain and today it is led by one of its founders, Fernando Perozowith whom we have spoken exclusively.
«NodusPay was born before the pandemic, when there was already a need for digitization of financial services, integrated finance and the concept of banking as a service«. “Those of us who started this project realized how banking was evolving, in terms of availability”, Perozo told us. It was more difficult for the Latam community in Spain to be part of the financial ecosystem, so they began to consider the possibility of offering them services suited to their needs.
Although fintech was created in Spain, they have the knowledge of the Latin American population, thanks to Fernando’s Venezuelan origins. The knowledge of the collective as well as the difficulties of opening a bank account and the price of transactions of traditional banking entities, led to focus on this public, although the service is open to any citizen. «It is enough to have a DNI or NIE, the rest of the documentation and you can open an account, without links.
Thanks to this account, developed in collaboration with Solaris, users will have access to a Spanish IBAN. In addition, with this account users will be able to make direct debit payments, make SEPA transfers and have a VISA debit card. Customer money will be guaranteed by the German Deposit Guarantee Fund (FGD). In addition, users will have access to NodusCasha service that allows you to deposit and withdraw cash in more than 500 establishments in Spain and 20,000 in Europe.
The pandemic and digitization
As has been said on many occasions, the pandemic brought digitization forward, in all sectors. «The man for creating options for inclusion and digitization was greater. It was then that we began to design proposals and structures for our project». Also, “Favorable conditions for access to banking began to open up, due to a major change in the world financial situation, where intermediation and interest rates were becoming less attractive»Ferdinand indicates.
In the case of transfer services, the high price charged by some banks made Fernando and his partners think about what could be done to solve it. «The technology that enables this service was very advanced and we were able to offer first class financial products, with all the guarantees for the user».
In this context, and thanks to NodusPay, users will be able to manage their money from anywhere and at any time, as well as carry out transactions from their mobile phones. “NodusPay is a faithful exponent of the digital transformation of banking, of the omnipresence of its services and of an increasingly comprehensive offer”, Perozo points out. The NodusPay service is now available for only 9.80 euros per month.
