06-Apr-18, Singapore Business Review
Users can now pay for recurring cash expenses like taxes and rent via credit card. When CardUp - a card payments platform for cash management - secured USD1.7 mn in seed funding led by Sequoia India and early-stage venture capital fund Seedplus in Mar-18, the fintech startup's vision to revolutionise the digital payments landscape looks set to spread far and wide.
%20Fintech%20Singapore.png "Indias CardUp nabs USD1 7 mn in funding to revolutionise digital payments (c) Fintech Singapore")
Image: Fintech Singapore
The idea is simple: users can pay for nearly everything, including staff payroll, rent, taxes, and insurance premiums - items usually paid for through cash, bank transfers, or cheques - through their credit cards, all while retaining the corresponding card benefits and rewards for cardholders.