According to the press release, Pagaloop’s platform is designed to help businesses and individuals manage expenses more easily, allowing them to make credit card payments in more locations—even where cards are not typically accepted. Through a simple, unified interface, Pagaloop enables users to use credit cards for various payments, such as to third-party providers, contractors, service vendors, or for recurring expenses like rent and payroll. This process allows users to charge expenses directly to their credit card and pay in installments instead of one lump sum, providing an ideal solution SMBs that often face difficulties securing bank loans and need more flexible financing options to manage supplier payments.
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