Elena Churilova, Chief Executive Officer, Cino

For the Gen Z or millennial in your life a virtual payment card (there is no piece of plastic) sits on the smartphone as an adjunct to your digital wallet, and the group virtual payment card acts as a bill-splitter. It allows for payments to be made together at the same time, connecting one virtual card to multiple bank accounts. This means, for example, that there is no more argument about who owns what to whom after a restaurant bill is split. Virtual group payment solution Cino is already available across Europe and has plans to launch in the UK. Elena Churilova, CEO of Cino explains the concept to Robin Amlôt of IBS Intelligence.