Hapo Online Bank (HOA) announced today that it has started to roll-out its online banking platform, Hapo, to its customers.
The new service will offer free credit monitoring and payment verification, and will be available in over 60 cities across the US.
Users will be able to set up accounts on Hapo’s online banking application, or connect to Hapo Bank via an iPhone or Android phone.
Hapo will roll out its new service to users in the coming months, with its goal to provide an affordable alternative to banks that offer only a credit monitoring service, according to a statement on HOA’s website.
Hapo is a subsidiary of ABN Amro, a Swiss financial services company that provides banking services for the digital economy.
Online banking is a technology that lets consumers and businesses connect in a virtual environment with a central authority.
The service allows customers to access the banking services of their choice, with no need for a bank account.
The service will be offered by Hapo in the US, the UK, Australia and Canada.HOA was founded in 2012 by a group of people who saw the internet as a key means to connect people and businesses.HPO will not be competing with banks, but will instead offer consumers and small businesses the option of banking without any bank account, the company said.
Hoa Bank’s new service comes on the heels of a slew of online banking offerings from other players.
In June, Bancorp announced it would roll out a payment verification service for customers that was available to US customers.
Bancor is now offering a payment check option for customers in the United States.
Other companies including Bank of America, Chase and Capital One are also offering payment services.