, otherwise known as Fintech, describes the new technology services that seek to improve and automate the use and delivery of financial services. Fintech involves the different software and algorithms used on electronic devices to help individual customers, business owners and companies to manage their financial operations and processes. Fintechs are becoming a thriving alternative to traditional banking systems across the world, and with good reason too. For the most part, Fintechs has a more flexible requirement for accessing their services, especially since it is linked with an individual or company’s digital identity, therefore processes like accessing loans and approval of credit cards have become faster with Fintechs. Before now, financial service institutions offered a variety of services under a single umbrella- from banking to insurance to trading services. Fintechs, on the other hand, have unbundled these financial services to focus on single areas of offerings, leading to streamlined services and overall efficiency. Therefore, you will find companies that offer loan services; link home improvement borrowers with finances; streamline home mortgage process; offer short term loans for purchases; offer mobile-only stock trading; provide business loans; provide startups with insurance; and deal and manage digital cash and cryptocurrencies, among many other services. This has translated to better access to services like credit cards, where traditional lending requirements are considered obsolete. Prepaid credit cards have no credit behind them, rather, you load money directly onto the card and then use the balance for your purchases. This successfully cuts out the traditional use of bank accounts, making it a financial option that can be accessed even by those with bad credit records. Other advantages of prepaid credit cards are its efficiency as a budgeting tool that does not encourage debt, easy use for shopping online, and easy use for payment of utility bills and taxes, although the non-attachment to a credit line and the fees attached to depositing money can be a put-off for some people. CashPlus is one of the Fintechs that offers alternative banking solutions to its customers. We can’t say they’ve got all your financial needs covered for sure, but we suggest you read independent reviews left for the company by existing clients.
CashPlus is a company that provides prepaid MasterCards and current accounts for consumers, small businesses and local government in the United Kingdom. CashPlus is a product brand of APS and was the first prepaid credit card to be launched in the UK in 2005.
Products and Services of CashPlus
The company offers Business Current Account, Personal Current Account, Business Credit Account, Personal Credit Account and Corporate Solutions like Business Expense Card and API. The company also offers online loan servicing for customer’s convenience.
Compliments, complaints and tips for CashPlus
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Cashplus talks to Finder about making it easy and fast to set up an account
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