Allegro's unit Allegro Pay signed a 5-year cooperation agreement with Aion Bank in the area of banking services. Under the Cooperation Agreement, AION will provide certain banking services, including payment and saving accounts (the Banking Accounts) for customers making purchases on the Allegro platform and will make available its technical platform functionalities via API which will be operated by Vodeno, as AION's subcontractor. Allegro Pay will act as AION's outsourcing service provider within the scope of: (i) supporting customers in the onboarding process, (ii) providing customer support in relation to the banking services and (iii) providing onboarding process and management of the Banking Accounts through the Allegro platform.

The deal can be expanded beyond the 5-year period. In December 2022 Allegro signed a term sheet with Aion Bank in the area of offering new products based on Banking-as-a-Service (BaaS) model.