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Enfuce partners with Visa to enable card issuing for fintechs in just eight weeks

Enfuce partners with Visa to enable card issuing for fintechs in just eight weeks

Finland's Enfuce is partnering with Visa to roll out a fast-track, eight-week programme for European fintechs to launch their own payment cards.

Under the programme, fintechs can offer their customers physical and virtual payment cards without having to spend months on the launch, getting the required certifications, or hire in-house experts for business processes mandated by card schemes.

Denise Johansson, co-founder at Enfuce, says: “Enabling card issuing for non-licensed fintechs in only eight weeks is groundbreaking. This opens new opportunities for them to offer a more seamless, fun, effortless and most of all secure customer experience in a scalable way.”

The customisable turnkey card issuing service includes key enablers such as BIN sponsorship, card scheme integration as well as fraud prevention and dispute management.

Comments: (1)

A Finextra member
A Finextra member 04 June, 2021, 11:54Be the first to give this comment the thumbs up 0 likes

Interesting to see how E will manage KYC requirements for end users in unlicensed fintechs, how aml requirements will be met, and how fraud and misuse issues will be resolved. And how Visa will control what the unlicensed fintechs and others do with their brand without having to adhere to payments or credit legislation. All this when the authorities are talking about tighter controls, abolish instant lending, restrict consumer lending in general... has already happened in Norway and other markets will follow.