London-based start-up Curve is enabling financial time travel. The fintech outfit is partnering with Mastercard to roll out a payment platform allowing users to choose different credit or debit cards for purchases already made up to two weeks after the transaction.
The company reckons its ‘Back in Time’ capability on its mobile is a world-first and says that two major banks are set to come onboard the initiative.
Curve believes financial time travel might be useful for consumers who find they have a healthy balance in their current account following a purchase paid for with a credit card, but would like to transfer the transaction to a debit card to avoid interest payments.
The Curve app is still in beta testing mode with over 50,000 sign-ups, and its cards having been used for over £50 million in transactions to date. A full launch is scheduled for later this year.