Fire allows business and personal customers to open payment accounts online, instantly in the case of personal customers and in 24 hours for business clients.
Accounts are available in sterling and euro – each with its own IBAN or account number so customers can process bank transfers from and to any bank in the sterling or eurozone.
Following the opening of its beta programme for businesses, Colm Lyon, CEO and founder of Fire, said: “We are delighted with the response from our beta business clients – the feedback has been really positive. Giving business customers quick and easy access to sterling and euro accounts has been central to the proposition.”
Fire has also released a new version of its personal app – Pay with Fire. It allows users to tap their card details and load funds into their Fire account instantly. Personal customers can pay anyone using just their mobile number, and can now share requests for payments with their social groups using other apps on their phone, such as WhatsApp, Facebook Messenger, text, email, etc.