railsrglobal platform for integrated finance experiences, partners with More life to launch a finance app that combines financial health and mental wellness, backed by MasterCard Y checkout.com.
Maslife’s solution is based on documented research that mental and physical well-being have a huge impact on financial health. More life is combining banking and payment features with a mix of gamification and artificial intelligence to inspire users to make simple changes to their daily routines that lead to positive long-term results.
The Maslife app combines a full suite of high-tech mobile banking functionalities with built-in budgeting tools and places a strong emphasis on fitness, with fitness trackers, yoga tutorials, and meditation workshops designed specifically to keep users on track. moving and motivated. Maslife also launches Apple Pay/Google Wallet functionality, backed by Mastercard.
kash Amini, founder and CEO of Maslife, said: “The team and I are blown away by the overwhelming support and positive reaction to Maslife. No other app on the market does what ours can, with Maslife’s unique approach to improving people’s lives by taking care of their finances while supporting their mental health and well-being.
“Our journey is just beginning. In the near future, we will offer a wide range of modern payment services, including a crypto (digital asset) wallet. This allows users to buy, sell and hold cryptocurrencies, addressing the growing demand for hybrid traditional and crypto payment services.”
Maslife is currently building a B2B platform to offer businesses and their employees personalized wellness features and a branded debit card, to be rolled out in the first quarter of 2023.
The Maslife app launched the Beta version in May 2020 and quickly attracted more than 6,500 active participants. It has a current waiting list of about 28,000 users. Full UK launch is planned for September 12, 2022, with a European rollout in Germany, France and Italy during the second quarter of 2022, currently valuing the company at around £22 million.
Integrated into the Maslife app are:
- Conscious spending tools, multi-currency accounts, debit cards, currency exchange, transfers and a variety of crypto wallets;
- Step tracking, distance tracker, calorie counter, guided meditation and yoga programs;
- Exclusive rewards for in-app achievements, cash back, retail discounts, and more.
railsr, an express Mastercard fintech partner, provides Maslife with a number of services through its global platform of integrated finance experiences. These include card issuance and processing services, banking as a service and licenses, allowing Maslife to provide virtual and physical cards and dedicated accounts to its users.
Louise murray, Global Director of Key Customers and Channel Partners at Railsr, said: “We are pleased to partner with Maslife on this exciting project. It’s the kind of initiative we look for in an association, and we look forward to providing the support and services they need to help the company grow and prosper.”
Kash Amini, Founder and CEO of Maslife added: “We partnered with Railsr because they have a strong track record in the industry and have several successful organizations in their portfolio, and we are delighted that they support us in our venture.”
