news ANALYSIS

Enfuce, Visa to enable fintechs to launch cards in eight weeks

4 June 2021

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nfuce has rolled out a programme in partnership with Visa to allow European fintechs to launch their own payment card offerings in eight weeks. Fintechs will be able to provide customers with physical and virtual payment cards without needing to spend months on the launch, getting the required certifications, or appointing in-house experts for business processes required by card schemes.

Enfuce enables fintechs to design and introduce flexible payment cards that are not only customisable, but also support digital payment features, including Apple Pay, Google Pay and Samsung Pay.

Developed on Enfuce’s scalable payment processing platform, the service enables fintechs to enter new geographical markets and launch new features quickly. Enfuce claimed that the platfrm is a complete turnkey card-issuing service with important enablers such as BIN sponsorship, card scheme integration as well as fraud prevention and dispute management.

Visa will provide tokenised multi-currency BINs, enabling Enfuce customers in Europe to introduce prepaid and debit card products for both business and consumer users.

Enfuce COO and co-founder Denise Johansson said: “Since we founded Enfuce, we’ve been looking for ways to change the payment industry. Collaboration is the key to success, and having Visa on board with us on this amazing offering is proof of great partnership between an industry giant and a start-up.”

The programme is a continuation of a partnership between the two firms, which began in November 2020 when Visa chose Enfuce to take part in its Fintech Fast Track program, enabling Enfuce to join Visa’s exclusive network of partners and gain superior payment experiences.