"The digital revolution has two problems", starts  Peter Bakenecker, Division President Germany & Switzerland for Mastercard his presentation.
"No.1: It's only finished, when everybody in the world can participate. No.2: If it has a positive impact."
He describes that the first challenge, the onboarding of people to a new system, is a huge - but could be done: "Look at India: Five years ago only 30 million people could participate in the digital ecosystem – today there are 400 million people able to do this", explains Peter Bakenecker.

Dr. Diana Mantel & Paul Knecht

More than a million costumers use N26and more than a billion transactions are monthly done – and it is one of the few apps that is actually daily used. That is just one of the biggest signs how successful the app N24 works.  “We opened the bank more or less out of the blue – and we focused in modern, young costumers who use apps like snapchat. Our bank is supposed to feel as easy and naturally, which saves you a lot of time”, explains Valentin Stalf, Founder and CEO of N26.

Focussing on some speical innovations and more flexible options are the goals for the next months – everything which traditional banks are not able to do. Being able to change is one of the advantages of N26 and makes it so successful – especially for younger clients, who more and more leave their traditional bank accounts and use N26 as their only one.

Dr. Diana Mantel