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The Fintech Company Lydia Launches a New App to Make Your Life Easier

French fintech unicorn Lydia introduces a new standalone app for reimbursements and prize pools. Responding to user feedback on regulatory changes affecting payment services, Lydia splits its functionalities into two apps: Lydia Accounts retains full features, while the new Lydia app focuses solely on peer-to-peer payments and online prize pools, offering a streamlined user experience.




The French unicorn Lydia, valued at more than 1 billion euros, now offers its customers a new special application in order to make reimbursements to loved ones or organize a prize pool, reports the newspaper Le Parisien, this Tuesday, April 2nd. Last year, following changes imposed by regulations on payment services, such as strong two-factor authentication or identity verification, some users complained, pointing out the lack of practicality of the ‘application.

It is therefore to meet this need for simplicity that the company, which has 8 million customers, has decided to launch from this week an application separate from the banking application, called Lydia. This is therefore specially designed for payment between friends and online prize pools. “It’s a kind of spin-off like in American series,” explained Antoine Porte, co-founder and general manager of the company, to our colleagues.

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Two very distinct applications of the Lydia app

“On the one hand, we are keeping the Lydia app, renamed Lydia Accounts, which retains all its functionalities, and on the other hand, we are launching a new Lydia application for those who only want to request, send or collect money. money,” he explains. In addition to this great novelty, Lydia has also made other changes to its services. It is, for example, no longer necessary to manually recharge your account and have a positive Lydia balance before making a payment, notes Le Parisien .

Félix Lepoutre, vice-president in charge of design, assures the newspaper: “If we only want to transfer money to a loved one, we will be able to make a Lydia again in a flash. For such use, there are no superfluous things that will interfere with the user experience. On the contrary, we have simplified and streamlined it as much as possible .”

Another development: for several weeks, it has been possible to assign an IBAN to the prize pool that we have just created. This functionality allows anyone to participate, whether registered on Lydia or not, and therefore to avoid paying bank charges (2.5% payable by the collector), participation from a Lydia account being , she, free of charge. Last year, nearly 4 million people participated in 1 million Lydia prize pools with an average collection of 500 euros.


(Featured image by AhmadArdity via Pixabay)

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I am a licensed California Acupuncturist (L.Ac.) and graduated Magna Cum Laude from the number one rated acupuncture school in California (and number two in the nation), Emperor’s College of Traditional Chinese Medicine (Santa Monica). In my field of study, the focus was on acupuncture, biomedicine, oriental medicine, western nutrition and Chinese herbal medicine. After four demanding years (3,210 instructional hours, of which 2,240 are didactic hours and 970 are clinical hours), I then pursued the Emperor’s School Doctoral Program (1,250 hours, of which 600 are didactic hours and 650 are clinical rotation hours), a two-year program during which I earned my Doctor of Acupuncture and Oriental Medicine (DAOM) degree. The DAOM program’s core emphasis was on reproductive medicine, cardiology, oncology, sports medicine, and stroke rehabilitation. My capstone/thesis consisted of a two-year research program on the effectiveness of acupuncture for menopausal symptoms such as hot flashes and night sweats. I also earned my Diplomate in Oriental Medicine (Dipl.OM) from the National Certification Commission of Oriental Medicine (NCCAOM). While studying, I completed a clinical internship at the Venice Family Clinic, treating various types of pains and illnesses. My mentorship program with Dr. Robert Chu, PhD, L.Ac., QME allowed me to learn first-hand the “Master Tung acupuncture style.” I also had the privilege to study in the gynecology, orthopedics, and pediatrics department of the China Medical University Hospital in Taichung, Taiwan. Moreover, I completed a two-year, internationally recognized GOLD STANDARD FACIAL ACUPUNCTURE® Certification Program which represents the most comprehensive and advanced training program of its kind available in the world today created by international exponent of facial acupuncture education, Mary Elizabeth Wakefield, L. Ac., M. S., M. M., of Chi-Akra Center for Ageless Aging in New York City. This program directly addresses and combats the aging effects on the face and body through psychosomatic means, the face being a reflection of the overall health of your body, mind, and spirit. Before attending Chinese medical school, I also was (and still am) a licensed esthetician. I wanted to help people internally as well as externally. Today, I am in a unique position to do just that, by incorporating both my knowledge of Chinese medicine and skin care into symbiotic treatments. I am a lifelong student who is fascinated by various healing modalities that include both Western and Eastern medicine, allopathic (when necessary) and functional medicine, along with various alternative health care modalities. I am always striving to further my education so as to better help my patients and better myself.