Study: People Trust Electronic Payments More than the Financial Industry as a Whole

According to the 2015 Edelman Trust Barometer study, the financial sector is the least trusted sector… except when it comes to electronic and mobile payments.

When the financial crisis hit in 2008, people’s trust in financial services plummeted. Although a hard time for the whole world, the crisis acted as a catalyst for a hot debate over the incumbent financial institutions and how badly the industry needs change. The study shows that people feel the mobile payments industry has responded quickly to shield consumers from liability on card fraud and is working collectively to protect financial systems on a broader front. In virtually every other example studied, there was less trust in innovation than in the sector as a whole.

That means people are less afraid of technical innovation in the financial sector than they are of the prospect of the situation staying as it is.

Transparency and trust are important to Monese and that’s why we are vocal proponents of change in the industry. Here’s how we want to contribute to that change ourselves:

1. By offering free current accounts through our super quick and effortless mobile sign-up, we aim to help you keep your money safe and access it conveniently whenever you need it.

2. We wouldn’t exist if it weren’t for you. That’s why we always want to be transparent and fair in our pricing. After all, it is your money and you are entitled to be in control of it. We will publish the details of our pricing before our launch this summer.

3. You will have an exact overview of your finances in real time via our mobile app. Instant notifications about your card purchases will help you contribute to the safety of your funds as you can manage your card right from the app and block it, should you lose it.

4. We take security very seriously and that is why we are building the latest technology into our systems from the get-go. That way we can always keep your money safe.

Get your invite at http://www.monese.com. We are launching this summer – you don’t want to miss out!

monese

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