CAPE TOWN - Digit, an automatic savings mobile app added a new feature which allows users to pay off their credit card debt, reports TechCrunch.
The app which was reportedly designed by CEO Ethan Bloch with the intention of saving R12.3 billion for its customers now provides another means of paying off credit card debt.
The initial use of the app was to connect to users banking accounts. By doing so, the app’s software then inspects income and spending habits. The money will then be put aside to ensure that it does not impact on the account.
How this new feature works
Users create a “credit card debt” goal in their apps settings. Then, they activate the Digit Pay service. Digit will then automatically save money from the users linked checking account. This funds will then be used to pay off credit card debt.