Latest update on Lydia platform: Seamless bank-to-bank transfers now available
Breaking News - Lydia's New Feature: Instant Bank Deposits
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Say goodbye to manual bank transfers and hello to instant deposits. Since last Wednesday, Lydia users can now enjoy the luxury of automatic bank transfers, revolutionizing their cash management. "Until now, you could make manual transfers from your Lydia account to your bank account," recalls Lydia's president, Cyril Chiche, to our site. Today, transfers can be automated to all European bank accounts denominated in euros." The process is as simple as two clicks: first, visit the "Piggy Banks" tab, then click on "Automatic transfer to your bank" under the balance of your Lydia wallet.
If you've paid a restaurant bill and received a friend's payment via Lydia right away, you'll now receive their share in your bank account before the transaction even appears as a debit. "The transfer is almost instantaneous, and the credit happens on the same day, i.e., before it's debited," explains Cyril Chiche.
© Lydia## "Revolutionizing payment management - one click is all it takes"
The new feature streamlines the process, eliminating the need for continuous management of both your bank account and your Lydia app. "This latest improvement aligns with our relentless pursuit of making payments as simple and swift as possible," says Cyril Chiche. Lydia has steadily evolved in this direction since its inception in 2013. Last year, it introduced money transfers without requiring a prior recharge of your Lydia account via services like Apple Pay, eliminating the need to register a bank card. This flexibility has catapulted Lydia to the forefront of peer-to-peer payments, recording over 50 million transactions annually and boasting 8 million users.
Initially focusing on simplifying the payment process, Lydia had yet to address the issue of receipt automation. With this innovation, Lydia solidifies its role as a seamless money "switch." "It's the ultimate simplicity: just an email address or mobile number is needed to initiate a payment," Cyril Chiche explains.
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- The new feature, instant bank deposits, from Lydia allows for a seamless and automated transfer of funds to any European bank account denominated in euros.
- With this innovative update, Lydia users can enjoy the convenience of having their funds deposited instantly from their Lydia wallet to their bank account with just two clicks.
- This latest improvement further underlines Lydia’s commitment to Finance and Technology, aiming to simplify and speed up payment management for businesses and individuals alike.
- Previously, manual transfers would take more time; however, the near-instantaneous transfer process allows for more efficient handling of finances and an overall better cash management experience.
