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Mortgage Business
Xinja takes pay facilities offline
By Annie Kane
15 January 2021
The fintech’s debit card and pay facilities will come offline today following the neobank’s decision to exit the banking business.
Today (15 January) marks the final step in the closure of Xinja’s banking operations, as it takes its debit card and pay facilities offline.
All bank accounts that had zero balance were closed on Tuesday (13 January). Xinja customers have not been able to make any payments into their accounts since late December, and had been urged to transfer funds out of their accounts before Christmas. 
The move comes just a month after the neobank announced that it was shutting down its banking operations, returning all funds to depositors and relinquishing its ADI licence. ....

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