Paysend helps people in the UK improve their financial health with Paysend grow
LONDON – 06 APRIL, 2022 – Paysend, the UK-based fintech with over 6.5 million customers, today announces the launch of two new products to help customers improve their financial health: Credit Builder and Pay Later.
Credit Builder lets people in the UK with little or no credit history automatically improve their credit score by simply using their Paysend card for their daily spending when linked to their Paysend Credit Builder account in the Paysend app. The major UK credit reference agencies (Experian, Equifax and TransUnion) are updated on all spending and payments from the Credit Builder account, while customers have the confidence that they can never spend or send more than they have in their Credit Builder account.
Further, for customers who do need access to additional funds, Pay Later gives eligible users - based on Paysend’s own credit scoring system - 100 GBP to immediately spend on purchases with their Paysend card anywhere Mastercard is accepted, online or offline. Eligible customers can start using Pay Later without an external credit check, which may harm their credit score, and will not be charged interest on whatever they have spent from their Pay Later account. By comparison, UK overdraft interest rates are as much as 40% EAR. Also, unlike many other Pay Later services, like those offered during online checkout, Paysend customers can improve their credit score by making timely repayments to their Pay Later account every two weeks.
Customers can get started with both Credit Builder and Pay Later for free with a 90 day trial of the Grow subscription in the Paysend app. After the trial period, there will be a subscription fee of £2.99 per month. More information can be found on the Paysend Grow website.
ABOUT PAYSEND
Paysend is a next generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is UK-based and has global reach having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs.
Paysend can send money to over 150 countries worldwide and has attracted more than six million consumers to its platform. As a global end-to-end payment platform, Paysend has its own global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal member and certified processor.
For further information visit https://paysend.com.
Najnowsze posty
Paysend, the global fintech innovator, proudly marks its 8th anniversary celebrating nearly a decade of bold innovation, strategic partnerships, and customer-driven growth.
Founded in the UK in 2017, Paysend has evolved from a cross-border money transfer startup into a leading global fintech company with a clear mission: to simplify money transfer for all by building the world’s largest open, instant digital payments network. Today, Paysend generates over $100 million in annual revenue and serves over 11 million consumers alongside a growing base of enterprise clients—including global leaders in the money movement and high-growth platforms payroll space.
We’ve been working on a new way for businesses to receive and move funds between their corporate accounts globally and in real-time. We know that moving funds cross-border between corporate accounts can take days to settle and can be expensive which leads to your funds being trapped in pre-funding accounts or cross-border payment processing cycles.