"I'll Spot you!" – SA’s first micro-token exchange

Family Matters

  • by onRoute
  • Jun 3, 2019
  • 42
  • News

Taking that much-needed weekend away with family or friends just got a whole lot easier! Collecting cash for booking tickets, accommodation, common transport and toasting the good times – once a thankless chore that strained many a relationship – is now as simple as creating an instant messaging group.

Virgin Money’s P2P app, Spot, has a great new feature called Group Pay, which allows users to create groups, name the group, and request payment. Once you know how big you’re going for a certain occasion/holiday, you can set a budget. Then it’s as easy as splitting the amount equally, or allocating different amounts – and you can instantly see who's paid, declined or is still pending.

Transactions happen in an instant with the updated digital Spot Wallet that opens the app to users without a 3D secure bank card, to add and receive funds using their bank accounts. It’s simple, safe and social!

Virgin Money’s P2P app, Spot, has a great new feature called Group Pay, which allows users to create groups, name the group, and request payment.

The new version of the app, Spot 3.0, has been built on Distributed Ledger Technology (Blockchain) because of its inherent safety and speed. You can also shop using the app wherever you see a ‘Pay with Spot’ sign, including on certain online sites like Quicket; and you can even cash out money from your Spot Wallet with no monthly subscription fees and no transaction fees.