⚡️Philippines🇵🇭: Fintech "Zed" has obtained a licence from the Central Bank and will now become an independent credit card issuer.

⚡️Philippines🇵🇭: Fintech "Zed" has obtained a licence from the Central Bank and will now become an independent credit card issuer.

The prospects for their Mastercard Titanium card are impressive—it is currently being launched by invitation only, with 40,000 people on the waiting list. What's so great about it, and why do the people prefer Zed⁉️
➡️ This neobank charges no fees—neither for international transactions nor for card maintenance (the typical annual fee charged by traditional banks).
➡️ No revolving interest. Customers receive credit for a term of up to 31 days at zero percent, without worrying about balance renewal and additional payments.
➡️ Additionally, the company uses “smart credit limits” that consider the current and potential income of the user. This is a definite win for beginners, who often have no credit history at all and thus have a rather low rating with the traditional approach.
➡️ Background: For initial funding, Zed once attracted USD 6 million from PayPal, the owners of Nubank, Mercury, Cred, and Square, as well as Valar Ventures (a company of Peter Thiel, who once saw the potential and invested in Facebook).

“D” — stands for “Foresight”.

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