EEA Cardholders

Enfuce License Services Oy is an authorised Electronic Money Institution, which means we are approved by the Finnish Financial Supervisory Authority to issue, distribute and redeem electronic money, and to issue cards.

We do not issue cards directly to cardholders. We set up card programmes in collaboration with our programme partners, who distribute cards and provide support to cardholders. Our programme partners accept and process card applications on our behalf. They also develop and manage website and mobile applications, where cardholders can apply for and manage their cards.

Please note, we are not a bank. Our prepaid cards are an electronic money product. Please note that your money is not protected by a deposit guarantee scheme. Instead, we safeguard your money by holding it separately from our own in a specifically designated bank account, referred to as a ‘safeguarding’ account. The account has special status as required by law. It means that in the unlikely event we become insolvent cardholders will receive their funds in priority of other creditors.