E-bank promises easy money online

Easyeverything group plan Net finance venture

The entrepreneur behind discount airline EasyJet and a new chain of super-cybercafes is planning to open an Internet only bank next year. Stelios Haji-Ioannou -- who is also just about to launch a discount online car rental business -- wants to harness IT to cut the price of traditional banking services. It's too early to say exactly what the e-bank will offer but reports suggest it could start life as a fund management operation before becoming a pukka bank. Although the e-bank has no official name as yet it's believed Easy Money and Easy Bank are both in the frame. The story in today's Financial Times was confirmed by Tony Anderson, marketing director of the Easyeverything cybercafe who said the story was "factually correct". He also told The Register that the Easyeverything cafe in Victoria was "profitable in its own right" attracting 5000 paying customers a day. A further two Easyeverything cybercafes are due to open in central London later this month and another is due to open on Oxford Street in November. The planned Tottenham Court Road cafe is set to be even bigger than the Easyeverything cybercafe in Victoria, which has already been dubbed the "biggest cybercafe in the world". ®

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