Whether we’re splitting a dinner bill with friends, paying for a group holiday, or sending our roommate rent, transferring and collecting money to and from other people has been a real hassle. That is, until now…
The MuchBetter payment app makes sending and receiving money easy: it’s fast, secure, and doesn’t require a bank account. Nor does it need the recipient to have a MuchBetter account, either: money is transferred in an instant. And did we mention it’s also completely free, for you and for anyone who pays you? Now that’s MuchBetter.
In the last eighteen months, Spaniards have been seeking easier ways to manage their money and make daily payments, as well as finding secure and simple ways to transfer money.
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 MuchBetter prepaid voucher in 15,000 retail points across Spain: 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, e-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 e-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 unique and exclusive flagship feature called dynamic CVV .The CVV code is the 3 number on the back of your bank card, but unlike every other bank card in the world, the MuchBetter card doesn’t carry this information. 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.