CARD91 joins Visa to enable Issuers with enhanced forex card platform

By Gloria Mathias

CARD91, an Issuance Platform-as-a-Service company, has collaborated with Visa, a global provider of digital payments solutions, to enhance the Forex card issuance experience for both cardholders and issuers.

Leveraging CARD91’s innovative technology solutions, this program management deal will enable regulated entities to seamlessly issue Forex Cards on the Visa network and provide better transaction visibility for stakeholders. This collaboration marks a step forward in the financial services industry, combining Visa’s extensive network and expertise with CARD91’s innovative technology solutions.

Key benefits of the partnership:

• Seamless Issuance: Regulated entities can issue Forex Cards to their customers quickly and efficiently, supported by CARD91’s state-of-the-art technology.
• Enhanced Control: The solution gives the issuer enhanced control over card issuance and management, ensuring a streamlined experience for them and their cardholders.
• Improved Transaction Visibility: CARD91’s platform offers comprehensive transaction monitoring and fraud risk management of Forex card transactions.

“Visa’s extensive experience in the payments industry, combined with CARD91’s cutting-edge technology, creates a powerful synergy. We look forward to empowering regulated entities with the tools they need to issue Forex cards seamlessly,” said Ajay Pandey, CEO of CARD91.

Commenting on this partnership, Sujai Raina, Country Manager, Visa India, said, “We are excited to work with CARD91 and bring advanced Forex Card solutions to our issuer clients. With the growing propensity of Indians to travel and spend abroad, whether for business, education, or leisure, this service will simplify the complexities of Forex Card issuance and management, providing transparency and control. With these novel partnerships, we continue to provide innovative, secure and user-friendly solutions that meet the evolving needs of our customers.”

CARD91 is an Indian FinTech that provides technology infrastructure to Banks, Prepaid License holders, and Authorised dealers. The company helps them issue various payment instruments (PPI, Debit, Credit, Multi-Currency, UPI, and now, Credit Line on UPI) to their customers. This ensures seamless issuance and enhanced control.