back Back

UK FinTech Zopa launches new credit card

By Megha Bhattacharya

October 28, 2020

  • UK
  • Zopa
Share

zopaUK FinTech Zopa today announced the launch of its first credit card in a bid to help customers stay in control of their money and debt. The FinTech’s credit card provides a feature called ‘Safety Net’ which allows customers to lock away part of their available credit balance for small unexpected expenses.

Customers set their own personal financial buffer when they initially set up their card, and receive instant notification to let them know they’re getting close to their Safety Net limit. The credit card also includes real-time balance updates after purchases showing exactly how much credit they have remaining,

Jaidev Janardana, CEO of Zopa, said, “The credit card market hasn’t caught up with the standard of other digital products and customers have been waiting too long for a better experience. At Zopa, we believe that credit cards need to be revolutionised so we have built a card designed around putting the customer in control. Industry firsts such as our Safety Net feature and handy tools like real time credit balance updates help customers manage their money effectively, enabling them to build a good credit profile.”

“As an agile tech-first company, we’ll continue to develop our Zopa credit card inline with customer feedback and offer even more innovative, beneficial features in the future.”

Zopa stated that customers can manage their cards in-app, thus allowing control over their credit card via their mobile phone.

Previous Article

October 28, 2020

ABAKA, Intel partnership to drive AI adoption for FIs

Read More
Next Article

October 28, 2020

Oracle announces Anti-Money Laundering for midsized financial institutions

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 08, 2024

MeaWallet introduces Click to Pay for safer, faster online shopping

Read More

November 08, 2024

Network International and Tamara to offer flexible payments in MEA

Read More

November 08, 2024

Ottu & Keyloop partner to streamline payments for automotive retailers

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More