Mike Peterson
Digital banking service and European Apple Pay partner Boon announced on Monday that it would be shutting down in October 2020.
Boon has been an Apple Pay partner since 2016, offering contactless payment options and virtual credit cards in a handful of European countries.
In a tweet, the banking company announced that they would be discontinuing service starting on Oct. 3, 2020.
Dear boon.ies, with a heavy heart we have to inform you that we will discontinue the service of boon. as of 03.10.2020.
— boon (@boon_official) August 3, 2020
You will receive all information via e-mail or find them here: https://t.co/KIaTdkgMqG.
We wish you all the best for the future! Your https://t.co/2M5TOnrNYw pic.twitter.com/s9P1WG9DOn
The Boon announcement comes on the heels of its parent company, Wirecard, filing for insolvency after a series of financial scandals, Reuters reported.
Boon advises that users should spend all of their cash before the Oct. 3 date. Although users can request a withdrawal past the shutdown, Boon will charge a monthly fee for holding existing credit. It has also disabled its automatic top-up feature.
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5 Comments
I liked and used boon, main reason being that my bank doesn’t support ApplePay yet/ever. I always found the user interface friendly and easy to use. The “auto-top up” feature was nice. Pity, that Wirecard turned out to be this embarrassing and run by criminals.
Boon made Boom!