Paysend improves financial health in the UK with Paysend Grow

Wednesday 6 April 2022 11:22 CET | News

UK-based money remittance app Paysend has announced the launch of two new products to help its 6.5 million customers enhance their financial health – Credit Builder and Pay Later.

The Credit Builder solution allows UK customers with little or no credit history build and improve their credit score automatically through the Paysend card, when it is linked to their Paysend Credit Builder account in the company’s app. The country’s major credit reference agencies receive automatic updates on all spending and payments made through Paysend by customers and automatically help them improve their credit scores and enhance trust.

Based on the app’s own credit scoring system, customers who don’t need access to additional funds can receive GBP 100 to spend on purchases with their Paysend card, in all online and offline stores that accept Mastercard. Eligible customers can use the app’s second feature, Pay Later, without a previous external credit check. Clients can also use Pay Later to improve their credit score by making timely repayments to their account twice a month, without any interest. 

Those who are interested in the offer can start their 90-day trial period for free in the Paysend app. After the trial period is over, clients will be charged a monthly subscription of GBP 3.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: money transfer, money remittance, online platform, cashless, BNPL, credit scoring, credit card, mobile payments
Categories: Payments & Commerce
Companies: Mastercard, Paysend
Countries: United Kingdom
This article is part of category

Payments & Commerce




Discover all the Company news on Mastercard and other articles related to Mastercard in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events