What is Amp Pay ?
Amp Pay redefines banking by putting the user back in charge of their assets. You own your assets while getting the best rates on your savings, best card rewards and ability to send and receive money globally!
Problem
Users currently use traditional banking services with low cashback rates (typically 1-2%) and limited control over their assets, leading to suboptimal savings growth and inflexible global transactions.
Solution
A banking app that combines high-yield savings and cashback rewards, allowing users to earn up to 4% cashback on card spending and 7% APY on savings, while retaining full ownership of their assets and enabling global money transfers.
Customers
Freelancers, digital nomads, and frequent travelers seeking financial flexibility; tech-savvy individuals prioritizing asset control and high-yield financial products.
Unique Features
Hybrid model offering both top-tier savings rates and cashback rewards, decentralized asset ownership, and fee-free global transactions.
User Comments
Revolutionizes personal finance with unmatched rewards
Simplifies cross-border payments effortlessly
Transparent fee structure builds trust
User interface needs improvement
Savings rates outperform competitors
Traction
Launched in 2023, details on users/revenue not publicly disclosed. Founder has 2.3K followers on X. ProductHunt launch page has 500+ upvotes.
Market Size
Global neobanking market projected to reach $1.2 trillion by 2026 (Grand View Research), with 40% CAGR driven by demand for digital-first financial services.
