ETF with integrated payment mechanism launched

30 July 2022

The world’s first ETF investment product with an integrated payment mechanism has been launched by UnitPlus, a start up based in Berlin.

In partnership with Vodena and Aion Bank, the new product allows investors to invest unused money rather than retain cash in an environment of rising inflation and low interest rates.
UnitPlus customers can invest their money into broadly diversified ETF portfolios and are able to pay with their portfolio by using the UnitPlus debit card through the “pay with portfolio” mechanism worldwide and free of charge.
Fabian Mohr, CEO of UnitPlus, said: “A single product that lets you both invest money smartly and conveniently ‘pay with your portfolio’ is a financial revolution and our mission is to help people easily access this flexible way of investing.”
UnitPlus said the development would allow money to be invested in the capital market rather than lay dormant in low interest- yielding bank accounts.

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