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European fintech helps customers free up cash flow during lockdown

April 22, 2020

Curve,a banking platform that consolidates multiple cards and accounts into one smart card and app, has added a new feature that now allows customers to move their past payments onto a different card for up to 90 days after the payment has been made. 

The feature known as Go-Back-in-Time had been available in the app initially, but only had a two-week window, according to a company press release. The decision to improve the feature to a 90-day window was in answer to those impacted financially by the coronavirus. Users can now transfer any payments made prior to the pandemic lockdown, giving them greater access and control of their cash flow.

"Although we cannot reverse the initial spending, we have found a way to help our customers with their cash flow by extending the time-travel functionality by more than six times what it was," said Shachar Bialick, founder and CEO of Curve. “While we might not be able to stop the economic fall right now, we’re doing all we can to widen the security net for our customers who will now be in a better position to reassess their finances and be able to get more immediate access to cash to pay their bills." 

For more information on how the coronavirus has affected the ATM industry clickhere.