Broker Trading 212 continues to attempt to build up its payments offering.
The company sent a promotional offer to customers on Monday, with the Bulgarian firm offering the ability to receive 1% cash back on purchases made with its debit card.
The promotion runs until July 15th. Clients can get a maximum of £20 back until June 15th. In the following month it will be £15.
This is in addition to another promotion that the company is currently running for payments.
Clients with a card can now get up to 1.5% cash back on card payments and withdrawals, if they put those funds into an investment account.
Trading 212 launched card payments last year, with tech firm Paynetics providing the backend infrastructure for the product.
Since then the company has also launched a ‘one time’ payment card and expanded the range of currencies it offers.
The card feature seems to be a part of the broker’s attempts to capture as much wallet share as possible from its end clients.
It’s not the only company to have payments products. Rival brand NAGA has a payments product and XTB launched a card product at the end of last year.
