NAGA announces NAGA Pay launch

03.11.2021 / 09:30
  • NAGA Pay is now available in the Apple Appstore and Google Play  Store
  • VISA approved card program for the Europe and UK
  • Complete integration into NAGA's social trading platform

Hamburg, November 3rd, 2021 - NAGA Group AG (XETRA: N4G, ISIN:  DE000A161NR7), provider of the social network for trading, cryptocurrencies and  payments, announces the launch of the revolutionary payment platform  “NAGA Pay” with UK / European payments and VISA debit card.

The unique program from NAGA Pay combines an IBAN account, a VISA debit card, a  brokerage account, copy trading and physical crypto wallets, the latter being subject to  licensing.

The brand-new NAGA Pay app supports payments in the EEA and the UK, as well as  a globally recognized VISA debit card that is accepted by over 140 million merchants  worldwide. Users can make bank transfers and send funds to friends for free in the  NAGA Pay app. In addition, NAGA Pay is integrated into the entire NAGA trading  infrastructure.

Benjamin Bilski, CEO of NAGA says: “We worked hard to deliver the new  functionalities and are excited about the possibilities NAGA Pay offers to our  customers. Besides being able to make payments and send money, users can also  invest with one tap in over 1,500 assets including straight equities for just EUR 0.99  per trade. In addition, users can copy other traders and get copied. As soon as the  crypto offer is approved, our app will be by far the most complete payment solution on  the European market."

Bilski adds: "With NAGA Pay, we are expanding our target group by hundreds of  millions of users, diversify our income streams and have completely new ways of  acquiring and retaining customers. NAGA Pay will become extremely relevant to our  marketing mix.”

Furthermore, NAGA plans to offer various payment sources at the point sale. With a  simple selection in their app at the checkout, users can decide whether the card  account or their investment portfolio should serve as a source of payment. in the latter  case, they would sell assets they select in real time to fund the payment.

“For example, if I have a balance of EUR 50 on my card and EUR 500 in Apple shares,  I can use the app to decide which source will be selected for my payment at the  checkout. In addition, we will allow cryptocurrencies such as Bitcoin or Ethereum to be  selected as a means of payment by means of real-time exchange in the future. This is  subject to the licensing of our crypto division, which we are currently working on,” adds Bilski.

NAGA Pay offers a fully digital account opening process and is offered as a standard  or premium solution. The premium account has lower fees for withdrawals, premium  customer support and higher limits on transactions.

“This version is just the start of our very own appstore for financial services. We will  also expand into wealth management, saving plans and a strong loyalty offering for our  active clients.” concludes Bilski.

The app can now be downloaded from the Apple Appstore and Google Play Store.  Further information on the entire NAGA Pay offer can be found at

Sign up for newsletter 📨
Press contact
Andreas Luecke
The NAGA Group AG
Download PDF
Also available in German
Share the article:
Never miss an update!
Subscribe to our investor newsletter

The content of our pages has been created with the utmost care. However, we cannot guarantee the content’s accuracy, completeness or topicality. According to statutory provisions, we are furthermore responsible for our own content on these web pages. In this context, please note that we are accordingly not obliged to monitor merely the transmitted or saved information of third parties, or investigate circumstances pointing to illegal activity. Our obligations to remove or block the use of information under generally applicable laws remain unaffected by this as per 8 to 10 of the Telemedia Act (TMG).

Responsibility for the content of external links (to web pages of third parties) lies solely with the operators of the linked pages. No violations were evident to us at the time of linking. Should any legal infringement become known to us, we will remove the respective link immediately.

Our web pages and their content are subject to German copyright law. Unless expressly permitted by law (§ 44a et seq. of the copyright law), every form of utilizing, reproducing or processing works subject to copyright protection on our web pages requires the prior consent of the respective owner of the rights. Individual reproductions of a work are allowed only for private use, so must not serve either directly or indirectly for earnings. Unauthorized utilization of copyrighted works is punishable (§ 106 of the copyright law).