The service has now been added as a new feature in the digital wallet app Kass.

The fintech company Memento Payments develops a fully fledged digital wallet platform which banks and other FI’s can licence as a white-label product . Memento’s wallet platform is designed to solve any type of payment needs within one wallet service, that includes paying friends, splitting cost, buying online or in store etc.

According to Gunnar Helgi Gunnsteinsson, co-founder of Memento “the money-pooling platform works both as added service for Kass users but also a great awareness-tool for the service. It helps to make the service relevant on social media. With almost all interactions between people taking place on social media, it is strange that banks are not visible there - today they’re not part of the discussion - apart from fancy advertisements.”