Unlimint taps Credits to issue Mastercard debit cards in Europe & LatAm
By Gloria Methri
London-based global FinTech Unlimint has announced a partnership with digital neobank Credits, to issue Mastercard debit cards for users in Europe and Latin America. Unlimint offers advanced payment capabilities to startups and businesses across the globe with 16 offices across five continents.
By leveraging Unlimint’s in-house developed payments infrastructure, Credits can strengthen its offering with an innovative suite of services backed by payment technology. The project will allow cards to be integrated into the Credits app and ordered directly within it.
To receive a card, customers have to register in the Credits app, pass a Know Your Customer (KYC) verification, and place an order. The project, set to be launched in Q1 2023, will target the European market at first, with plans to further expand it to Mexico and Brazil. The first stage of the launch will include the functionality to release virtual cards followed by physical cards.
The partnership between Unlimint and Credits aims to create a unique product that will embody an innovative proposition for crypto users across Europe and LatAm. Users will have the option to spend crypto more conveniently and seamlessly, without having to convert their assets through centralised exchanges.
Commenting on the new partnership, Jovi Overo, managing director of Banking as a Service (BaaS) at Unlimint, said, “We are excited to partner up with Credits on this mission to revolutionise the modern world of banking services and help build a seamless connection between Web 2 and Web 3. Unlimint’s BaaS product was developed to help innovative companies like Credits accelerate their geographic footprints in existing and new market verticals, and we believe that this partnership is another great step towards our mission of creating a new fintech world with limitless possibilities, without legacy and banking technology limitations.”
IBSi Daily News Analysis
March 24, 2023
The Weekly Wrap: all you need to know by Friday COB | March 24thRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
March 24, 2023