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Omniwire Introduces Credit Builder Debit Card

Omniwire, a leading fintech company, has launched its new Credit Builder debit card designed to aid consumers in building or improving credit history without incurring debt. This innovative product addresses the challenge faced by one-third of young Americans who lack a credit card, facilitating their entry into the credit ecosystem.

The Credit Builder card functions as a debit card while simultaneously supporting credit score growth by reporting transactions to major U.S. credit agencies. This allows users to establish a history of on-time payments without using traditional credit cards.

Operating on the global Visa network, Omniwire's card is widely accepted, making it a versatile tool for younger generations, particularly as only 65% of Americans aged 18 to 29 currently possess a credit card.

Omniwire CEO Serge Beck highlighted partnerships with major credit bureaus and community banks to ensure that the Credit Builder offers secure and accessible pathways for financial inclusion.

R. P.

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