Lydia accounts 12.27

Having transformed the landscape of digital payments for millions, Lydia is now innovating the realm of personal banking.

Within seconds, users can:

• Send money to any contact using their phone number, securely and free of charge.
• Request reimbursements from friends or split bills effortlessly.
• Create money pools for collecting funds for various events.

Lydia is redefining the traditional bank account by offering:

• Convenient spending options with Lydia's physical cards and Visa for online transactions.
• No surprises during international travel - all payments and withdrawals are fee-free.
• Contactless payments via Google Pay with no transaction limits.
• Real-time balance tracking and instant notifications for every transaction and transfer.
• Creation of sub-accounts for better financial organization and shared accounts for streamlined expenses within relationships or households.

In addition:

• Enhanced security for online payments through Internet Cards.
• Integration of multiple bank accounts into Lydia for centralized financial management.
• Simple access to personal loans.

Credit determinations and conditions are subject to approval from credit partners based on various factors including income and expenses. Prior to approval, borrowers will receive detailed information on the credit terms such as the Annual Percentage Rate (APR) and repayment conditions. Loans via Lydia have a 90 to 36-month duration with APR rates ranging from 13.90% to 20.79%, adhering to usury rate standards set by the Banque de France.

For reference, here is an example of a loan that can be granted:

• Credit amount: €300.00
• Credit term: 90 days
• APR: 20.33%
• Management fees: €8.79
• Instant reception fees (optional): €0.30
• Upfront fees: €9.09
• Monthly repayment amount: €100.00
• Total cost of credit: €309.09

The Lydia app, developed by a dedicated independent team in Paris, ensures full security compliance with the latest banking and IT standards. Lydia prioritizes user privacy and aligns with the European GDPR regulations.