TECH

With the Lydia app you invest in stocks, cryptocurrencies and transfer money instantly to the recipient by phone number

Lydia is no longer content with payments against relatives. Now, within the app, we find a large number of useful services on a daily basis, preventing you from having to multiply the different fintech apps on your smartphone.

Valued at over a billion euros, Lydia is one of the last French unicorns so far. Initially known for exchanging money between relatives, the company has diversified widely in just a few years. The service now allows you to subscribe to a current account with a French Visa and IBAN card, contract microcredits or even invest in the stock exchange or in cryptocurrencies.

Lydia is what is called a “great app”, A multifunctional app. It multiplies the services available in your application, so you only have this one to manage your money on a daily basis.

Should I make a Lydia for you? You obviously heard that expression at night. Lydia gained popularity for the first time thanks to her famous Friendship Redemption feature, which was popular at tables in bars and restaurants. For example, when a person pays the entire bill with their own payment method, the other guests who wish to participate can then transfer the money to them within seconds simply through the Lydia app.

To make a money transfer, simply enter the recipient's phone number or email address to locate the recipient. The app will debit Lydia's balance or the bank card linked to your account (your choice) and then instantly transmit the money to the desired person. “I have more change, can I buy you a drink next time? It's no longer a valid excuse for Lydia users.

Lydia also lets you generate jackpots online, very handy when you want to make a common gift. Simply click on a Lydia-generated link to participate with a transfer from your Lydia account or one of your bank accounts. The platform does not charge any commission. Then you do what you want with the money you collect: transfer, withdraw, online or in-store payment, gift card.

What if you use Lydia for all your daily payments? Lydia has greatly diversified its services and now offers two customizable bank cards: Lydia Blue and Lydia Black. Because yes, you can choose what is written on your card.

These are Lydia's two paid subscriptions that give access to Visa debit cards, compatible with Apple Pay, Google Pay and Samsung Pay. Its strong point is that there are no fees during your purchases and withdrawals in France (only if you use one of the two cards), but also abroad in foreign currency when you use them. Bank cards. They allow you to travel lightly, as you know that all your operations will not come with significant costs.

Within her app, Lydia also lets you open a multitude of accounts. It can be a traditional checking account, but also an account shared by several people, or a piggy bank designed to finance a project (such as a vacation). In all cases, these accounts can be debited from a single Lydia bank card. The cardholder will thank you.

Lydia also lets you generate virtual Internet cards for free when you shop online. The interest? They have a different number from your main card. Thus, if the website is not secure, you will not risk having your account hijacked.

Lydia also lets you generate virtual Internet cards for free when you shop online. The interest? They have a different number from your main card. Thus, if the website is not secure, you will not risk having your account hijacked.

Trading, savings and credit: the best of fintech...Finally, the Lydia app also has several advanced features. However, they are still accessible and users can take advantage of them in just a few minutes. It's also in Lydia's DNA: offering modern services in the simplest possible way. Here are some:

cash advance, microcredit, breakdown of a previous payment: Lydia offers various possibilities for borrowing money, from €100 to €3,000

0.6% remunerated savings (that is, more than booklet A), in an account available at any time and without the risk of losing money

shared accounts, for couples, roommates or vacations with friends

invest your money in companies, cryptography or precious metals from just one euro

From 0 to 7.90 euros per month: discover Lydia's offers...The Lydia app offers three different offers. One of them is completely free. The other two, Lydia Bleu and Lydia Noir, are offered at €4.90 and €7.90 a month, respectively. To put it simply, Lydia's free offer allows you to carry out up to 20 transactions per month (online payment, refund between friends). It is also possible to add a physical card for a price of 5 euros. With Lydia Bleu at 4.90 euros per month, the number of transactions is unlimited. The bank card is free. The latter is customizable and allows withdrawals of up to 250 euros per month (in three instalments), with 5,000 euros as payment.

Lydia Noir, for 7.90 euros, is the most premium offer. Here you can claim 1000 euros in withdrawals (in five installments) and an unlimited amount of payments. It is also possible to accumulate two physical cards, and always customize them. Above all, there is a wide range of insurances: protection of purchases on the Internet and against fraud, and also all those related to travel (cancellation, repatriation, accident, etc.). On top of luxury, an SMS concierge service is also available for Lydia Noir customers.

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