23 October 2017
visit www.avoka.com

Easyjet founder to launch credit card services - FT

21 August 2001  |  2686 views  |  0 Easyjet founder to launch credit card services - FT

Stelios Haji-Ioannou, founder of Easyjet, is to enter the banking arena under the name of Easymoney, according to a report in the FT.

The Financial Times report says Haji-Ioannou will launch an online Easymoney credit card next month, with personal loans to follow, in a venture with UK money lender London Scottish and credit card company Accucard. The move comes after the breakdown of talks with Bank of Scotland.

The new card will offer an innovative service to consumers, allowing them to personalise their cards by varying conditions such as interest rate, annual fee and cashback provisions. Choosing a higher fee, for example, would result in a lower interest rate or more cash back on spending, writes the newspaper.

The FT says Haji-Ioannou hopes to sell 75,000 cards within a year, and is also developing systems to offer unsecured loans. Additionally, within six months a loyalty scheme will be launched, which is likely to offer points towards spending on other Easy companies, such as Easyjet, EasyRentacar, and the EasyEverything Internet cafes.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.atos.netRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
18358 views comments | 24 tweets | 36 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14875 views comments | 23 tweets | 31 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10789 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10232 views comments | 13 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job