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Mogo Finance Technology launches digital Mogo Spending Account to control Canadian consumer debt
Mogo Finance Technology launches digital Mogo Spending Account to control Canadian consume...
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[{"type":"text","content":"\n\n\n\nMogo Finance Technology launches digital Mogo Spending Account to control Canadian consumer debt\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, British Columbia, Feb. 22, 2017\n\n\n\nCanadian fintech enters the prepaid market with new consumer solution\n\n\n\nVANCOUVER, British Columbia, Feb. 22, 2017 /CNW/ -- Mogo Finance Technology Inc. (TSX: MOGO) (\"Mogo\"), a leading Canadian financial technology company, today announced the launch of the digital Mogo Spending Account with Platinum Prepaid Visa Card. This is the fourth product in Mogo's innovative line-up of financial solutions designed to help Canadians manage their financial health and represents the next step toward Mogo's vision to build the best digital banking experience in Canada.\n\nThe digital spending account can be opened for free in less than three minutes through Mogo's iOS mobile app. The spending account comes with a Platinum Prepaid Visa card that is Chip/PIN and Paywave enabled. Funds can be transferred instantly from most bank accounts in Canada into the Mogo Spending Account directly through the app, giving consumers a convenient way to manage their spending without having to change banks. The account is designed to help consumers monitor and control their spending in a convenient and engaging way, through features such as instant transaction alerts with each purchase along with updated real-time balance. There are no monthly account fees and, unlike a regular credit card, using the MogoCard means there is no risk of overdraft fees or interest charges. In addition, when consumers sign up for a MogoAccount, they have the added benefit of access to Mogo's other products including free monthly credit score monitoring, mortgages and personal loans. \n\n\"The launch of our digital spending account represents another important growth milestone for Mogo, bringing us into the large and growing payments market with a highly differentiated solution,\" said David Feller, Founder and CEO of Mogo. \"One of the biggest financial challenges consumers face is overspendi...