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Discover DIMO, a digital bank launched by Motorola with no fees and cashback
Last Monday, the 5th, Motorola launched a great innovation: a digital bank. In short, the company named Dimo is aimed at customers who use the brand's cell phones.
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Last Monday, the 5th, Motorola launched a great innovation: a digital bank. In short, the company named Dimo is aimed at customers who use the brand's cell phones. Motorola's focus is to provide affordable fintech with full services.
Starting this week, interested parties will be able to register and create an account at the institution. Dimo is the result of Motorola's partnership with several other companies, such as Jazz Tech, with its Banking as a Service platform, together with Banco Arbi.
Thus, whoever purchases a branded cell phone will automatically have the Banco Dimo app installed in the application store. It will depend on whether the user opens an account or not. However, Motorola will provide facilities for anyone who wishes to become a bank customer.
What services are available through Dimo?
Motorola is scheduled to make opening an account at Dimo bank available this week. Anyone who registers through the app receives a Visa debit card, which should enable NFC payments on compatible smartphones, when registering with Google Wallet.
According to Motorola “Payments made via Google Pay with the Dimo card also guarantee exclusive cashbacks on contactless purchases using your Motorola’s NFC technology”.
In addition, the company must release other services such as:
- Transactions through Pix;
- Payment of bills by bank slip;
- TED Transfers;
- Anticipation of the FGTS birthday withdrawal;
- Withdrawals through Banco 24horas;
- No maintenance fees;
- Exclusive discounts to buy Motorola products.
How to open a Motorola bank account?
According to Motorola, the Dimo app, which allows the creation of a digital account, is being released little by little. Initially, those who have devices with the Android 10 system or above can open a Motorola bank account.
Furthermore, the company says that “The release will be carried out gradually to ensure the best experience for customers and constant improvement of the service”.
Furthermore, for those who have this software version, they must access the application store and search for “Dimo” and then register by sending their personal data.
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About the author / Tiago Menger
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