Crypto.com gains Mastercard license to launch cards in Bahrain

By Gloria Methri

Crypto.com has secured a principal licence with Mastercard, enabling the company to issue cards directly on Mastercard’s network. Now, Crypto.com can launch a card in Bahrain powered by Mastercard.

The new programme will leverage Mastercard’s secure payments network to enable Crypto.com customers to use their cards at over 150 million in-store and online locations worldwide. Users can easily fund their cards through the Crypto.com app using e-money wallets or third-party-issued credit and debit cards.

The payment product will be available across all five Crypto.com card tiers, including Black Obsidian. It offers rewards of up to 8% on spending and is denominated in USD.

“We are really proud to be partnering with Mastercard, a global technology leader in the payments industry, and utilising our recently issued Payment Service Provider licence from the Central Bank of Bahrain to launch our world-renowned prepaid card to our users in Bahrain and beyond,” said Karl Mohan, General Manager APAC & MEA of Crypto.com. “Mastercard has shown its support for the digital assets industry by creating a robust card programme service that’s specifically tailored for our customers, allowing us to expand our product offering into new markets whilst proving our continued commitment to the highest levels of security and compliance.”

“We are delighted to welcome Crypto.com as a Mastercard Principal Member. The programme provides a wide range of benefits and opportunities beyond the direct issuance of Mastercard. Crypto.com will now have access to our global network, enabling transactions wherever Mastercard is accepted, our innovative payment solutions powered by cutting-edge technology, and our comprehensive tools for enhancing transaction security and fraud protection,” said Amnah Ajmal, Executive Vice President of Market Development, EEMEA, Mastercard.

The partnership marks the progression of Crypto.com’s card programme globally, as the company seeks to give its users more freedom and choice in spending their crypto assets in real-world payment scenarios.