The platform to help millions of workers to save more and access affordable credit

LONDON - April 15, 2019 - PRLog -- Money Global has launched Payrolld a platform as a service designed exclusively for credit unions. Payrolld provides credit unions with a platform to build stronger engagement with their payroll deduction partners which incorporates marketing, secure file transfers, data visualisation and important updates. The aim is to help credit unions help the millions of workers across the world to save more and have access to affordable credit.

CEO of Money Global, Simon Phillips,  expressed his reason why Payrolld was created – "with 23% of workers in the UK not having any savings and a third only having £100 in their savings, it is vital that workers are encouraged to save more, and when times get tough, to have access to affordable credit. This is why we are working with credit unions to encourage more employees to save more and not to resort to high interest borrowing that creates a much worse financial situation. Lower financial stress increases productivity and motivation, while decreasing absenteeism and staff turnover for businesses. Therefore, payroll deduction schemes are a win-win for both employees and employers."

Payrolld not only provides a software solution that helps credit unions to build upon their existing payroll deduction partnerships (credit unions currently serve over 200,000 employees within the UK – according to the Association of British Credit Unions Limited), they also provide business development services to help forge new partnership opportunities within credit unions' local communities. Credit unions currently serve over 2 million people within the UK but tend to, individually, be small financial firms offering savings and loans; therefore, do not have the large budgets to have dedicated marketing and business development teams. Payrolld provides a unique opportunity for credit unions to use Payrolld's team to grow their credit union, and only pay when a new partnership has been agreed.

Payrolld will help millions to save more and access affordable credit – the team are currently offering 50% off to all credit unions to utilise the Payrolld system.

Visit Payrolld – www.payrolld.com/credit-unions/

Money Global was created in 2018 designed to create innovative financial technology products and services to help individuals and businesses worldwide to improve their financial health. Simon Phillips is a leading entrepreneur who provided consulting services on multi-billion pound deals as well as helping numerous start-ups. He also worked within the credit union industry for 3 years. He regularly attends industry consultations (such as with the Money & Pension Services) as well as partaking in Bloomberg's first European CEO Summit in 2018.