Lydia vs PicPay

Lydia is a mobile app for paying, sending and receiving money, and collecting contributions. It runs on Android and iOS, and sending money to a contact by phone number or email is free; the recipient does not need a Lydia account. Lydia says transfers can be sent to euro accounts at payment service providers in the SEPA zone. Users can create customizable money pots for events with friends, family or coworkers, taking contributions by card, bank transfer, Apple Pay or Google Pay. Pots are not intended for public donations or fundraising for causes. Collected funds can be withdrawn in one or more transfers or used for an Amazon.fr gift card. Pot creation and participation are free; gift-card withdrawals are free, while withdrawals to a Lydia Wallet or bank are free for Lydia/Sumeria app contributions and cost 4% for other contributions. The wallet is free to open. Card-funded sends and top-ups are free up to €250 per month, then cost 2.5%; online card receipts cost 2.5%. Lydia lists strong authentication for sensitive actions and support through the app or email, with an average response time of 12 hours.

PicPay is a financial service for individuals and businesses, offering accounts, payments, credit, investments, insurance, and cards. It is available on Android, iOS, and the web, and transfers are instant, trackable, and schedulable. For consumers, account features include scheduled Pix, Pix by WhatsApp, and contactless Pix using Google Pay. Users can split Pix and boleto payments into up to 12 installments on any card, or up to 36 installments with PicPay Parcela. Its debit and credit card is managed in the app and advertised without an annual fee. PicPay says account balances earn 102% of CDI on business days and offers Cofrinhos for savings goals. PicPay Empresas provides a card reader, payment links, PicPay Tap, and boleto payment options. Its Smart device combines order management, inventory control, and payment acceptance. The listed consumer and business accounts are free. PicPay directs customers to its online Help Center for questions and support.