At Bits, we offer a variety of financial products, each with its own regulatory status. Here’s a quick overview to help you understand how each product is governed:
Bits Subscription
Regulatory Status: This product is not a regulated credit product. It is structured under exemptions in the Regulated Activities Order.
Bits Store Card
Regulatory Status: Similar to the Bits Subscription, this is not a regulated credit product and operates under exemptions provided in the Regulated Activities
Order.
Score In-App
Regulatory Status: This is a regulated product, utilising our permissions for credit information services to provide you with real-time credit scoring.
Bits Turbo
Regulatory Status: This is a regulated credit product, operating under our retail lending permissions. It is designed to offer enhanced credit building opportunities.
Bits Credit Card
Regulatory Status: This product is not regulated as a credit product, structured under specific exemptions in the Regulated Activities Order.
Marketplace
Regulatory Status: This platform is a regulated product, using our credit broking permissions to connect you with various financial offers and services.
Understanding the regulatory framework of our products can help you make more informed decisions about the services you choose to use. If you have any questions or need further clarification on the regulatory status of any Bits product, please do not hesitate to reach out to our support team.