London-based fintech Unlimint has partnered with digital neobank Credits. The partnership looks to issue Mastercard debit cards to users across Europe and LatAm.
In an effort to provide an enhanced banking experience, Credits will leverage Unlimint’s payments infrastructure and global reach. Using the infrastructure, Credits can strengthen its existing offering with an innovative suite of services backed by Unlimint payment technology. The partnership project allows Mastercard cards to be integrated into the Credits app and ordered directly within it.
To receive a Mastercard debit card, customers register in Credits’ app, pass a KYC verification and place an order. The Unlimint and Credits project is set to launch in Q1 2023.
The European market is set to be targeted first, with plans for further expansion to Mexico and Brazil. The first stage of the launch is set to include functionality to release virtual cards, with physical cards to follow.
Through the partnership, Unlimint and Credits look to create a unique offering for crypto users in both Europe and LatAm. The move follows challenger bank Credits overall aims to provide financial services for the cryptocurrency space.
The partnership also brings users the ability to spend cryptocurrency without the need to convert their assets through centralised exchanges.
‘Creating a new fintech world with limitless possibilities’
Jovi Overo, managing director of banking-as-a-service (BaaS) at Unlimint, commented on the partnership news. Overo 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.
“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.”
With the new debit card powered by Unlimint, Credits will be able to expand its product and service offering globally, as well as claim a place as a digital banking world leader.
