Yonder taps Transact Payments for its new rewards-based credit card

By Gloria Methri

Yonder has partnered with Transact Payments for its new rewards-based credit card for young Londoners. The partnership will provide access to payment services and the MasterCard network, allowing Yonder to offer consumers exciting reward values, travel benefits, and transparent financial services.

Yonder’s credit card offers members curated rewards like exclusive drinking, dining, and leisure experiences in London, as well as a host of travel benefits and other protections. It was founded in 2021 to challenge the status quo of current UK credit card providers with an innovative, customer-centric credit card offering.

Transact Payments is a European payment services provider that delivers flexible payment cards, tokenised mobile payments, payment accounts, and e-money issuing solutions. The company is perceived as an experienced, regulated payments partner with expertise that ensures programs can go to market as quickly as possible and are also fully compliant.

Tim Chong, Co-founder, and CEO, of Yonder said, “We chose Transact Payments because of their significant experience in the credit card space and their flexible approach to building an innovative partnership that’s allowed us to launch and grow quickly.”

“We don’t see why someone choosing to live in London can’t access a rewarding credit card due to their credit or income history being outside the UK. Partners like Transact Payments have given us the foundation we need to rebuild the world’s relationships with credit – and for them to be rewarded in the process.”

Aaron Carpenter, CEO, of Transact Payments, said, “Yonder is blazing a new trail in credit card rewards, addressing an under-served, but very active, spending market. We look forward to a successful future together and I’m confident Yonder is set to shake up the credit card space in London.”