Enfuce Partners with Mastercard to Expand in the Nordics

Enfuce announced an extended partnership with Mastercard to expand the company's Card as a Service platform in the Nordics. Through the partnership, Mastercard powers Card as a Service with tokenised multi-currency BINs in the Nordics, enabling Enfuce's customers to launch and issue their own physical and virtual Mastercard payment cards in just weeks rather than months.

Enfuce Card as a Service is a turnkey card issuing service including BIN sponsorship, program management, card life cycle management, and fraud and dispute management. Enfuce helps fintechs to become card issuers in just weeks and enable their customers to start paying instantly from applying for their cards.

"We've proven that our Card as a Service offering has great attraction in the industry. 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," says Denise Johansson, Co-CEO and Co-Founder at Enfuce.

Through the partnership, Enfuce's customers can issue and scale Mastercard prepaid and debit card products for both businesses and consumers in certain Nordic countries. One of Enfuce's customers has already launched its Mastercard product in just two months through Card as a Service, with more fintechs in the pipeline.

"We are proud to expand our partnership with a successful fintech company like Enfuce and excited to have a local partner in the Nordics providing Card as a service, enabling fintechs to launch Mastercard cards in just weeks. As Enfuce is the first ever winner of our partnership program Lighthouse, it is certainly a privilege to continue to be part of their expansion journey," says Johan Modenius, Head of Financial Institutions, Nordics and Baltics, at Mastercard.