Issuer processing powerhouse Enfuce has announced the expansion of its E2 card to the UK, France and Germany, in collaboration with Mastercard. Offering debit and credit PANs in one card, E2 bolsters the company’s track record of delivering products that benefit both card issuers and customers.
The concept of a ‘combination card’ has become an industry standard in the Nordics, however, it is less prevalent across Europe. The E2 card, named for offering twice the payment capabilities of a traditional card, gives cardholders both credit and debit PANs in one card, providing simplicity, flexibility.
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Cardholders can set their default payment depending on preference and easily instantly switch between the two at the point of sale
This provides an alternative option to moving money between accounts, giving cardholders more control over their spending, and helping them avoid overdraft fees. Each application is linked to its own account, so funds will always be taken from the correct one. When it comes to digital wallets, cardholders also receive a frictionless experience with custom designs available for each card to avoid confusion.
Aside from the added flexibility for customers and banks can cut their plastic consumption, by reducing the number of cards they manufacture, benefiting both users and the planet. The dual-PAN card also offers improved security to cardholders by letting them switch to credit payments when making a high-value purchase.
Monika Liikamaa, Co-founder and Co-CEO of Enfuce, said: “With double the powers of a traditional card, the E2 card is Enfuce’s trusted card programme expertise squared. Providing double the ease and double the power for cardholders across the UK and Europe, this launch is another step in our journey to deliver our commitment to bring Nordic innovation to the rest of the world.”
Denise Johansson, Co-founder and Co-CEO of Enfuce, added: “We believe that our 2-in-1 card could soon become an industry norm, as it has done in the Nordics. We’re proud to be able to answer a clear gap in the market for both banks and consumers, giving an added boost to the rich fintech ecosystem in the UK, France and Germany.”
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