Hey everyone, have you heard about Zed? They’re making waves as the first neobank in the Philippines to be standalone issuer of credit cards. That’s right – they’ve just scored their official license from the Bangko Sentral ng Pilipinas (BSP) after a successful pilot program.
Behind Zed are Danielle Cojuangco Abraham and Steve Abraham, who bring a blend of Silicon Valley innovation and local insight. Danielle’s background in fintech and product design from Stanford and Steve’s expertise in banking and tech investments have set them up to change how credit works in the Philippines.
What’s so cool about Zed? Well, they’re shaking up the credit card game by focusing on technology and the next generation of Filipino professionals. Their Mastercard Titanium Credit Card has zero annual fees, no foreign transaction fees, and get this – no interest charges!
You get up to 31 days of interest-free credit, which is perfect for managing expenses without the extra costs.
But here’s where it gets even better: Zed doesn’t just rely on traditional credit scores to set limits. They use smart credit limits based on your current income and future potential. This means even if you’re new to credit, you can still get a fair credit limit that grows with you responsibly.
Since launching their waitlist earlier this year, they’ve had a staggering 40,000 sign-ups. People are clearly excited about this fresh take on credit cards. And it’s not just hype – early users are loving it too. Transactions are up, and nearly half of them are using their Zed cards daily. That’s some serious engagement!
Kinda hoped the bolt was Lightning
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