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.
Ultimele postări
Paysend x Visa are collaborating this summer to reward international money transfers and celebrate local diaspora communities and connections
London, UK. June 17 - Paysend, the global fintech platform helping people send money internationally, today announces a new FIFA World Cup 2026™, Courtesy of Visa, campaign in collaboration with Visa. The campaign celebrates the millions of immigrants and diaspora communities supporting their loved ones across borders during the tournament, brought together by their shared passion for football.
As part of the campaign, eligible customers can unlock up to a $26 USD Paysend bonus on qualifying international transfers to eligible Visa debit cards.
Joining Paysend Enterprise at this stage of its journey is both exciting and meaningful.
The business has already established a strong position in enabling cross-border payments for a wide range of partners, from payment service providers to platforms and financial institutions. What stands out most, however, is not just the scale of opportunity, but the clear commitment to building long-term, value-driven partnerships.
