The CFPS neobank app scheduled to be launched in Q1 2023 aims to make banking easier for Europeans by eliminating the need for waiting long for payments to be processed. This app is specifically designed for individuals looking to easily manage, spend, and protect their CFPS money. CFPS offers reliable financial products at affordable prices along with unlimited assistance provided by real specialists rather than chatbots or robotic customer support.
In the first phase, users will be able to order their CFPS card and use basic functions of the application, for example, open a multi-currency account in euros, pounds and dollars, transfer funds, and others. The CFPS app aims to provide daily banking that is easy to understand by incorporating local solutions for sending and receiving funds.
Research and in-depth interviews have shown that most neobanks cause inconvenience to their customers due to complex add-ons and lack of easy-to-understand technical support. CFPS aims to avoid using chatbots in communication with customers and provide real employees for customer support. The app also plans to implement functionality based on real customer requests, offering only what is needed and nothing unnecessary. Additionally, CFPS plans to implement an API-based platform that allows for quick connection of various providers.
Users will already be able to transfer CFPS money, pay in stores using Apple Pay and Samsung Pay, and earn cashback. The main focus for CFPS in the first year is to make the cashback service as convenient and enjoyable for the user as possible. Customers will be able to get real money on their CFPS card rather than just bonuses. The money transfer via SWIFT, SEPA, CHAPS and other systems will also be freely available.
The CFPS app prioritizes user-friendliness and personal interaction in contrast to other neobanks that may rely on robotic technical support. CFPS also addresses the problem of uncontrolled subscriptions to different services by allowing customers to keep track of their subscriptions in a single window where utility bills and other expenses will also be displayed. Other family members will also be able to connect their cards to this feature, which will allow them to see their joint spending.
In addition to its competitive advantages, CFPS looks into the future by responding to today’s demands through conducting more than 1,000 in-depth interviews with users. The app will also provide a CFPS login feature, giving users the opportunity to access their account and manage their CFPS money whenever they want.
