By: 10 May 2024

Through the "Mein ELBA" banking app, customers of Raiffeisen banks in Burgenland and Lower Austria now have access to over 2,000 digital assets

Bitpanda expands partnership with Raiffeisen to 55 more banks

Bitpanda Technology Solutions, the Investing-as-a-Service provider, is further expanding its partnership with Raiffeisen. Since the end of January, customers of Raiffeisenlandesbank NÖ-Wien in Vienna have been able to invest in cryptocurrencies and other digital assets via Bitpanda through the mobile banking app “Mein ELBA”. From now on, customers of the Raiffeisen banking group in Burgenland and the Raiffeisen banks in Lower Austria will also benefit from this offer. Bitpanda Technology Solutions’ infrastructure allows users to trade cryptocurrencies and other asset classes via their existing mobile banking app.

Lukas Enzersdorfer-Konrad, chief eecutive officer of Bitpanda Technology Solutions, explains: “Our partnership with the Raiffeisen Group is a perfect example of what banks can achieve when they approach projects with ambition and an innovative perspective. Since the joint launch with Raiffeisenlandesbank Niederösterreich- Vienna in January, we recorded a significant increase in customer demand and demonstrated the quality of what Bitpanda Technology Solutions can offer. Thanks to the expansion of our partnership with Raiffeisen in Lower Austria and Burgenland, we will provide even more Austrians with secure and provide easy access to digital assets.”

The collaboration was announced by RLB NÖ-Wien in January of this year, and thanks to the successful launch, the Raiffeisen banks in Lower Austria and the Raiffeisen Banking Group Burgenland will now also have access to the trading service. The service is aimed specifically at users who want to invest digitally and independently in cryptocurrencies, precious metals and other asset classes via their mobile banking app “Mein ELBA”. The user-friendly white-label integration from Bitpanda Technology Solutions enables “trading for all” in the truest sense of the word and provides a clear and comprehensible overview of all assets within the app. The offering provides both new investors and experienced traders with a state-of-the-art, customised service.

Rudolf Suttner, chief executive officer of RLB Burgenland, emphasises: “A new milestone has been set. With the integration of Bitpanda into the ‘Mein ELBA’ app, we are one of the first traditional banks in Europe to enable trading in digital assets. Innovatively and independently, our customers can now invest in cryptocurrencies and many other Bitpanda asset classes from anywhere, 24/7, for as little as one euro. With this cooperation, we have succeeded in our vision of creating absolute customer centricity and expanding our offering for our customers. As the European market leader, Bitpanda is the best partner for us in this project thanks to its many years of experience and its licences. By integrating Bitpanda into the ‘Mein ELBA’ app, we have created an innovative investment solution that we hope will also inspire new customers.”

For Bitpanda Technology Solutions, the expansion of the partnership is the latest in a series of important milestones. In addition to offering one of the widest ranges of digital assets in Europe, Bitpanda is also recognised as one of the safest and most heavily regulated trading platforms in the industry. Bitpanda holds a MiFID II investment firm license, an E-money license under PSD II, as well as several crypto licenses and registrations as a provider of virtual assets in Austria, Germany, France, Italy, Spain, Sweden, Bulgaria, the Czech Republic, and other countries. With over four million users, the European-licensed fintech company has established itself as the leading platform for digital assets within the EU.

Image: Bitpanda

Robert Welbourn
Robert Welbourn is an experienced financial writer. He has worked for a number of high street banks and trading platforms. He's also a published author and freelance writer and editor.