Invest Round-Up

Using credit cards even when they are not accepted

The Sunday Times highlights a new payment service and two insurance plans

With CardUp, individuals and businesses can move big payments from cash, cheque or bank transfers to their existing credit cards. PHOTO: CARDUP/FACEBOOK
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Launched in late 2016, CardUp is a platform that enables the payment or collection of big expenses using credit card, in places where cards are not accepted today. Examples of payments include rent, tax, invoices, payroll and more, which are still paid by cash, cheque or bank transfers currently.

With CardUp, individuals and businesses can move these big payments from cash, cheque or bank transfers to their existing credit cards. This provides an opportunity to earn credit card rewards, access interest-free credit and digitise payments - making big payments rewarding.

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A version of this article appeared in the print edition of The Sunday Times on July 21, 2019, with the headline Using credit cards even when they are not accepted. Subscribe