What is Lunar-Danish Digital Bank? Lunar-Danish Digital Bank Review, Features

Lunar-Danish Digital Bank is an independent, regulated and licensed bank.

About Lunar - Danish Digital Bank

Founded in 2015, Lunar-Danish Digital Bank is a digital challenger bank that helps consumers take control of their personal finances. It mainly provides various commercial banking and consumer credit services. It has attracted more than 200,000 individual users and 5,000 corporate users in Denmark, Sweden and Norway.

Lunar - Danish digital bank services

Lunar-Danish digital banking app currently offers budgeting, spending notifications, transfers, bill payments and card blocking. With the new banking license, it will likely offer more features such as loans, insurance and multi-currency cards.

Lunar has also launched a youth bank account service, providing the opportunity for young people aged 15 to 17 to start developing financial awareness as early as possible.

Business Model

Lunar-Danish digital bank believes that the company's service targets the so-called "Sampchat generation" of young people, so they decided to build a banking experience around mobile devices. Many banking services can be implemented on this app, such as opening a bank account, applying for a MasterCard debit card, receiving real-time spending transaction information, checking consumption transactions by shopping category or merchant, paying bills, etc. It is worth mentioning that in order to cultivate users' good consumption habits, the Lunar Way app can also set a consumption limit to prevent excessive card swiping and exceed the user's repayment ability.