Summary
MyFin is a digital wallet and banking application that allows users to obtain a free IBAN, exchange currencies without fees, and make POS payments in various countries. It also offers features like cash deposits, utility payments, investments, and card management, all accessible through its mobile app.
Features6/15
See allMust Have
3 of 5
Transparent Low Fees
Multi-Currency Account
Borderless Debit Card
Mid-Market Exchange Rate Transfers
Fast Transfer Execution
Other
3 of 10
Mobile App
Regulatory Compliance
Customer Support
Batch Payments
API Integration
Real-Time Rate Alerts
Business Account Features
Invoice Creation
Spending Analytics
Multi-User Access
Rationale
MyFin is a digital wallet and banking app that offers features aligning with the concept of a multi-currency platform. It provides a free IBAN, currency exchange without fees, POS payments in various countries, and card management, which directly relates to holding and spending in multiple currencies. The app is licensed by the Bulgarian National Bank, indicating regulatory compliance. While it doesn't explicitly state 'mid-market exchange rate' or 'fast transfer execution,' the 'currency exchange without fees' implies a competitive rate and the nature of a digital wallet suggests quick transactions. The presence of a mobile app and customer support are also clearly stated.
