Unlike standard bank transfers, which require you to exchange account numbers and sort codes, the MuchBetter payment app requires just three simple bits of information: the recipients’ phone number, transfer/request amount, and an optional message, which is useful for explaining why you’re asking for the money, or sending some stern words for those who take forever to pay!

You can immediately start using the MuchBetter payment app by purchasing the MuchBetter Prepaid Voucher is free from top-up fees, and available for purchase from 15,000 retail outlets across Italy: by downloading the MuchBetter app, you can also send and request funds for free, as well as top-up or withdraw funds.

But it’s not only millennials or Gen Z that love the instant gratification that smartphone payments bring: the entire world, regardless of generation, have increased their use of P2P transactions in recent years.  

This means that the demand for cashless transactions has never been greater, and as a result, digital wallet usage continues to enjoy a meteoric rise: mobile wallets attract 140 million new users every year, with the industry’s market size expected to reach over €11 trillion by 2022. But this shouldn’t come as a surprise, as digital wallet services offer a more convenient, innovative, and cost-effective way to pay for everyday transactions in comparison to more traditional methods.

MuchBetter is not only simple and convenient, but it’s also secure. All accounts are protected by a feature called dynamic CVV. The CVV code is the 3 number on the back of your bank card. Instead, this secret 3 number can be found in the MuchBetter app, and it changes every time you use it, which makes it almost impossible for someone to use your card details online.