Auka was invited by the largest startup accelerator in the world, Plug and Play, to pitch our solutions to BNP Paribas, France’s second largest bank, at the end of January.
Around 1,000 fintechs were assessed as part of the day and 20 were handpicked to pitch. This means that Auka is one of the most interesting fintech startups in the market today and that we have a very unique value proposition. As Auka’s head of sales, I was thrilled to get the chance to talk about what’s happening in the payments space today, where that leaves banks like BNP and the unique banking partnership proposition that Auka offers.
I spoke about the “best in class” mobile payments solutions in the world and about how they all follow the same blueprint of a new, stand alone payments channel that addresses a whole market as opposed to an existing customer database. I went on to discuss how these same channels are not just payments facilitators but also work as customer acquisition channels and revenue makers.
Some of the solutions following this blueprint include Alipay in China, Venmo in the US (which is now being met with competition from banks with Zelle), Vipps in Norway, Swish in Sweden and MobilePay in Denmark – to name a few.
I finished by talking about how banks, like BNP, can launch a proof of concept (PoC) on an OpEx model with us. Auka has both the technical platform and the commercial knowledge to help banks launch their own Alipay.
Want to see how Auka’s solution would look using your bank’s branding?