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.
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