Overview

In this lesson, we’ll cover how to use Blipply for financial management, including tracking expenses, and building your credit score. We’ll also explain how Blipply’s credit scoring system works and what factors affect it.

Managing your household economy

Blipply automatically categorises your transactions, helping you monitor your spending across different areas, such as groceries, transport, and entertainment. For each purchase, whether in-store or online, both you and the merchant receive a detailed receipt, including items purchased, quantities, total cost, merchant details, and a timestamp.

You can easily access these receipts in your transaction history under the Transactions section or through the Contact profile, where all past transactions are conveniently displayed. For a broader view, go to the Balance section and tap on Reports to see where your money is going each month, making it simple to stay organised and identify spending patterns. You can even share these reports with others if needed.

Building your credit score with Blipply

With Blipply, both consumers and merchants can gradually improve their credit scores with each transaction. By adopting digital payments, individuals can boost their creditworthiness. This enhanced credit score can enable purchases on credit at select merchants on favourable terms.

What affects your credit score?

  • Purchase frequency, transaction volume, and successful use of Blipply’s Pay later feature all contribute to your credit score.

  • Maintaining a healthy wallet balance and making payments on time will positively impact your score and pay-later terms.

How often is your credit score updated?
Blipply updates your credit score after every transaction that impacts it, giving you real-time insight into your financial standing.