In a world where digital banking has become the norm, myTU is changing the game by offering payment and marketplace solutions for both individual and business clients with a focus on the travel and hospitality industry. Founded in Vilnius, Lithuania, myTU is a digital banking platform that offers a seamless and convenient banking experience through its mobile app and website.
Payments infrastructure for Natural and Legal Persons
myTU offers a wide range of banking services accessible through a mobile app and website for natural and legal persons. The company’s innovative mobile banking app allows individuals to manage their accounts, payments, and cards through their mobile phones, while the online banking service is designed to cater to the specific needs of businesses. With IBAN accounts, SEPA transfers, and tools for family finance management, myTU ensures that their customers have access to everything they need in one place.
myTU for Business
myTU’s digital banking platform also offers online banking for legal entities. With IBAN accounts, SEPA regular and instant payments, and acquiring of payment cards online and at POS terminals, myTU makes it easier for businesses to manage their finances. The platform also offers tools for accounting and expense tracking, enabling businesses to keep track of their finances efficiently.
myTU Outlet
In addition to its banking services, myTU has an in-house marketplace that offers services from partners in the hospitality, travel, entertainment, and gaming industries. This platform, known as myTU Outlet, allows customers to browse and purchase products and services in one convenient location. The marketplace is designed to offer customers the best deals and exclusive discounts, making it an ideal solution for those who love to travel and explore.
Key Strengths
One of myTU’s key strengths is its in-house developed cloud-based core banking system, which guarantees speed and flexibility in development and scaling. The platform’s KYC&AML and onboarding processes are fully automated and 100% online, with the capacity to onboard up to 10,000 customers per day. myTU is also licensed and regulated by the Bank of Lithuania, with its e-money institution (EMI) license fully passported and financial services already provided in all 29 EEA countries.
Efficiency is another key strength of myTU’s digital banking platform. Its cloud-based infrastructure and fully automated online services ensure a low-cost base and a huge scaling potential. This allows the company to offer customers the best services for the best price.
Conclusion
In conclusion, myTU is a digital banking platform that is revolutionizing the way individuals and businesses bank, especially in the travel and hospitality industry. Its innovative mobile app, online banking service, and in-house marketplace make it a one-stop-shop for all banking and travel needs. With its cutting-edge technology, efficiency, and independence, myTU is well-positioned to offer customers the best services at the best price.
Website: https://mytu.co/
Twitter: https://twitter.com/Travel_Union_eu
Facebook: https://www.facebook.com/myTULietuva
LinkedIn: https://www.linkedin.com/company/travel-union
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