Monese, the globally-connected banking service, has joined up with Avios, the loyalty currency, so users can easily track and maximise their Avios balance and check their transactions.
Sitting within the Monese app, Avios will appear as a separate account, alongside other Monese currency accounts such as euros and pounds. This allows customers to track and maximise their Avios as they fly, travel, or spend across hundreds of Avios partner brands such as ASOS, John Lewis and Just Eat.
Monese customers can track and manage all travel and finances, including Avios earned on any credit cards, in one place, via one, simple-to-use app. As customers travel and earn Avios, they can switch between their Avios account – linked to British Airways Executive Club – and their UK, European and business current accounts all from within the Monese app.
In the coming months, Monese said its service will become even smarter to help customers get the most out of collecting and spending Avios. For example, Monese customers will earn Avios for referring friends, they will be able to send and receive Avios between Monese customers and link their Monese account cards to Avios in-store offers.
Future plans also include a smart feature (via app push-notifications) that will highlight how and where everyday spending can help customers earn more Avios across hundreds of Avios partner brands.
Norris Koppel, CEO and founder at Monese, said: “We are delighted to be announcing this partnership with Avios, following our successful Series B fundraise.
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“We serve a fast-growing and incredibly international audience who travel the world for study, work, family, or retirement. We know that these customers would value an easy and simple way to track and maximise Avios alongside their finances and travel.
“In the coming months, our Avios offering will become even smarter and stronger and it will help our customers make better decisions, wherever they may be in the world.”
Andrew Crawley, CEO, Avios Group, says: “Partnering with Monese is a significant move to making it even more convenient for customers to track their Avios while on the go.
“As Avios can be collected and spent in over 190 countries, we understand the need to have a banking account that’s as mobile as its customers. We look forward to working with Monese on our exciting plans to make collecting and spending even more rewarding.”
Monese launched in late 2015; it currently has 800,000 customers signed up across the 30 European countries, moving more than $3bn each year through Monese accounts. It secured $60m in Series B funding in September 2018 led by Kinnevik, a global investor focused on digital businesses, with participation from PayPal, Augmentum Fintech and International Airlines Group for its loyalty and data business Avios Group Ltd.