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Regulatory press release

Monobank introduces Widerøe-branded digital credit card platform

Read the release

The combined credit card and app engages end-users with breakthrough functionality and reflects Monobank's strategy of leveraging its established position in digital consumer banking to develop innovative fintech solutions for loans, deposits and credit cards that improve customers' banking and shopping experience.

"We share Widerøe's passion for people's freedom to choose where they live and work, which they support by offering their customers a wider range of destinations. We support the same principles by providing our safe and easy-to-use banking and shopping solutions, says Bent Gjendem, CEO of Monobank ASA. "We look forward to seeing our combined credit card app being used by Widerøe's employees and customers."

Widerøe is Monobank's first partner on the new credit card platform and includes an attractive SAS EuroBonus program.

"We have planned a gradually introduction of the combined card and app mainly using Widerøe's owned marketing channels. As a first step, it is provided as an attractive offering to all of Widerøe's employees, but also available for Widerøe customers from day one. This will allow us to gain experience, and the employees can be the first to use Widerøe Visa before we in the coming phases actively approach their substantial customer base, as reflected in their around 2.8 million passengers per year" Gjendem added.

Contact information:
Tom Henning Rimestad, COO, +47 932 40 172

About Monobank
Monobank is a digital bank offering unsecured lending to qualified private individuals in Norway and Finland. Operations started out of Bergen, Norway, in November 2015 after Monobank received its banking licence from the Financial Supervisory Authority of Norway. In May 2018, Monobank launched an internally developed credit card platform. The bank also offers attractive deposit rates on its savings accounts. Deposits up to NOK 2 million are guaranteed by the Norwegian Banks' Guarantee fund, of which Monobank is a member.
For further information, please visit the company web page www.monobank.no

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