the new app enabling global citizens to seamlessly manage their current account, forex, overseas and UK bill payments, insurance, cybersecurity

LONDON , September 7, 2022 /PRNewswire/ — The bank kit The application has been specially designed for citizens of the world. bankkit is a new app that allows users to manage and control their personal finances with innovative features, including a UK current account, in one convenient place.

bankkit is a seamless multi-product that aims to be part of a financial world that goes beyond traditional global borders.

forex bankkit payment screen

bankkit gives individuals and businesses access to fair banking services, allowing them to set up an account in the UK in minutes.

Speed and convenience drive all of its features, including:

Easy account opening
UK current account
Low-cost, fixed-fee real-time currency transfer services
Business insurance products.
Overseas utilities and other bill payments in twenty-three countries
First of its kind in UK cybersecurity, including dark web protection
Free instant B2B and B2C merchant payments via QR code
The bankkit app can be used anywhere in the world
24/7 in-app customer service and real in-house customer service
Innovative low-cost merchant interface for businesses
Seamless money transfers with no QR code fees for Bankkit users
And other services you expect from an app-based checking account, including premium paid services

founder of bankkit Nadim Choudary says, “bankkit was born out of a simple belief: money is supposed to be easy and secure; it’s supposed to work for people, not the other way around. It’s an alternative experience offering a simple interface for checking accounts , insurance and foreign currency shipment and more, at low cost for consumers and business users”.

Among bankkit’s innovative features, which no UK bank has, are easy overseas utility bill payments (ideal for business owners and landlords overseas) and non-utility bills.

Also included is the banking kit QR code or bankkit Pay (free for merchants), which allows merchants to receive instant payments. There is no need for a terminal; therefore, there are no monthly terminal fees, no commission on transactions, no limit on the number of transactions and instant payments between bankkit customers. With other merchant fees averaging £25 per month and transaction fees between 1.6-3%, bankkit Pay will save businesses thousands of pounds.

“We have created an app that allows consumers and business users who live and work in the UK and foreigners who come to the UK to work or study to keep tabs on all their personal financial needs in one place. Know how much money is transferred between countries, especially by South Asian expats living in the UK, with more than $83 billion transferred from UK to India in 2020 we wanted to create a unique solution that combines a UK current account with low cost currency transfer capability. bankkit makes it easy and inexpensive for people to transfer money overseas, pay bills with great rates at their fingertips,” says Choudary.

Customers will have access to Bankkit accounts in 23 countries for bill payment, including Argentina, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, Ghana, Guatemala, Honduras, India, Indonesia, Jamaica, Jordan, Kenya, Mexico, Nepal, Nicaragua, Nigeria, Pakistan, Peru, Philippines, United Arab Emiratesand Vietnam.