If you’re reading this article and live in the U.S., you might not realize that Venmo, Square Cash, Facebook Messenger payments and other similar services only work in the U.S. In many countries, such as Germany, most people still have to rely on wire transfers and IBANs to send money to their friends. German startup Cookies wants to make peer-to-peer payments as easy as 1-2-3. It is launching today in Germany.

Founded by former N26 employees, Cookies ticks all the right boxes when it comes to payment apps. It’s free, fast and convenient. And yet, one thing differs from most competitors.

On Cookies, you don’t have a balance. Any incoming transfer goes straight to your bank account, and outgoing transfers tap directly into your bank account as well.

When you sign up, you enter your online bank account information to plug Cookies with your bank account directly. The startup is compatible with around 4,500 banks in Germany. It partnered with Deutsche Kreditbank AG (DKB) as the banking back end.

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