'Our BSP license makes us the first Philippine neobank to offer credit cards as a stand-alone issuer,' Zed co-founder and CEO Danielle Cojuangco Abraham said.Neobanks, also known as challenger banks, are financial technology firms that operate exclusively online.'This independence and our foundation as a technology company means we can rapidly and continuously improve our product, unconstrained by legacy systems,' she added.
'Our priority is onboarding new users at a pace where we can ensure a stellar experience for every Zed customer,' she added.Zed's credit card comes with no annual fee, no foreign transaction fees, or other charges, and will provide customers with up to 31 days of interest-free credit without revolving balances or charges.Abraham said that Zed's model does not rely on interest revenue and introduces smart credit limits by analyzing a user's current and potential income.
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Source: MlaStandard - 🏆 20. / 55 Read more »