French telco Orange is launching its mobile-only bank in Spain, tempting customers with a discount on their phone bills.
Having launched in its home market of France two years ago, Orange Bank arrives in its second country this week, with customers able to open a current account with a Spanish Iban without any registration fee.
The bank is also offering a one per cent interest rate for deposits of up to EUR20,000 and a EUR30 discount on customers' next mobile bill.
The 100% mobile-based service, lets users perform all their day-to-day banking operations, such as checking their expenses, paying with Apple Pay, moving money between accounts, making free Sepa transfers, and managing their Mastercard debit card.
The app also has chat functionality where customers can talk to bank agents, while a "group management" feature allows the sharing or transfer of funds and expenses among several people.
Narciso Perales, general director, Orange Bank in Spain, says: "Our hallmark as a leading telco enables us to be the most suited to design a mobile banking service for today’s highly mobile population."