VibePay has integrated more banks and added a new function for businesses.
VibePay now has 24 banks integrated with its social payments app through open banking.
New additions include Starling and Tesco.
Business accounts will be aimed at SMEs such as those who sell products via social media.
What does this mean?
VibePay’s new business function allows entrepreneurs to make and receive payments with no fees and access funds instantly. Overall VibePay aims to boost engagement with its users and expand its customer base. At the moment, this is 50,000 strong and the app is heavily aiming its services at a Gen Z audience.