Spuerkeess Expands E-Banking Capabilities with Meal Voucher Integration

Luxembourg's state-owned bank Spuerkeess has taken a significant step forward in its digital banking offerings by introducing a new feature for its 320,000 S-Net clients. This innovative functionality allows users to view their 'Up Meal Vouchers' account directly through the bank's e-banking platform, marking another milestone in Spuerkeess' journey towards comprehensive financial services.

The integration, made possible through a collaboration with Open Finance provider LUXHUB, builds upon the bank's previous efforts to enhance its digital banking experience. Spuerkeess had already worked with LUXHUB to launch an account aggregation feature within S-Net, which currently covers 26 banks across Luxembourg, Belgium, France, and Germany, as well as European neobanks.

S-Net has evolved into a centralized hub for clients to manage all their bank accounts, reflecting Spuerkeess' commitment to providing a seamless banking experience. The addition of the meal voucher functionality aligns with the bank's "beyond banking" vision, which aims to expand its services into other sectors.

Alain Scholtes, deputy head of innovation office at Spuerkeess, emphasized the importance of this development, stating that it represents another step forward in the bank's mission to exceed client expectations in financial services.

The integration process is user-friendly, requiring clients to simply connect to S-Net, click on 'Add account,' and input their Up credentials. This service, like the bank account aggregation feature, is offered free of charge to Spuerkeess customers.

Alicia Brun, country manager at Up Luxembourg, highlighted the benefits of this partnership, noting that it allows Spuerkeess clients to easily check their Up Luxembourg meal vouchers balance and access detailed historical transaction data through both the S-Net e-banking solution and S-Net Mobile.

LUXHUB, the Open Finance fintech behind this integration, was founded by four major banks in Luxembourg, including Spuerkeess, in response to the PSD2 directive. The company specializes in compliance services related to PSD2, FIDA, and Verification of Payee, as well as account aggregation and payment initiation solutions.

Claude Meurisse, CEO of LUXHUB, expressed satisfaction with the collaboration, stating that the integration of Up Luxembourg meal vouchers balance into Spuerkeess' e-banking platform represents a step towards Open Finance and a more complete offering for clients.

This latest innovation underscores Spuerkeess' commitment to its founding principles of promoting savings, facilitating access to housing, and supporting the development of the national economy, while simultaneously embracing digital transformation to meet the evolving needs of its customers.

As banks continue to adapt to the changing landscape of financial services, Spuerkeess' integration of meal vouchers into its e-banking platform serves as an example of how traditional institutions can leverage partnerships and technology to enhance their offerings and provide added value to their clients.

---

Join Luxembourg Expats - the home of expats in Luxembourg luxembourgexpats.lu