Enfuce partners with Mastercard for card-as-a-service expansion in the Nordics. Credit: AKuptsova from Pixabay.

Card issuing and payment processing company Enfuce has expanded its collaboration with Mastercard to enhance its card-as-a-service platform in the Nordics region.

Enfuce’s card-as-a-service is designed to cover bank identification number (BIN) sponsorship, programme management, card life cycle management as well as fraud and dispute management services.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

As part of the new alliance, Mastercard is set to empower card-as-a-service with tokenised multi-currency BINs. It will allow Enfuce’s clients to introduce and issue their physical and virtual Mastercard payment cards within weeks instead of months.

Enfuce’s clients will be able to issue and scale both Mastercard prepaid and debit cards for enterprises and consumers in some Nordic nations.

The company noted that one of its clients has already rolled out its Mastercard offering in two months through card-as-a-service.

Enfuce co-CEO and co-founder Denise Johansson said: “We’ve proven that our Card as a Service offering has great attraction in the industry.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We’re excited to work together with Mastercard to further strengthen our leading position in the Nordics. This enhanced partnership is a result of our great collaboration over the span of many years.”

The company further noted that its card-as-a-service solution allows fintechs to design and launch customised flexible payment cards. The cards can also be designed to support new digital payment features, such as Apple Pay, Google Pay and Samsung Pay.

The fintech firms, using the service, can foray into new markets and introduce new features quickly, the company said.

In 2018, Enfuce won Mastercard’s first edition of Lighthouse programme, a partnership-focused programme in the Nordics and Baltics.

The programme seeks to explore and scale collaborations between startups, Mastercard and major banks in the Nordic and Baltic region.

Enfuce and Mastercard now partner to support the winners of Lighthouse programme to introduce payment cards.

In June last year, Enfuce forged an alliance with Visa to enable European fintechs launch their own payment cards in just eight weeks.