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BIN sponsorship

Save time and work by getting all necessary licences for issuing cards through us.

How it works

Enfuce BIN sponsorship includes two crucial components: an EMI licence and a scheme membership with Visa or Mastercard. Without these, you won’t be able to launch a card

Electronic Money Institution (EMI) licence for issuing cards

Payment or e-money institution licence is a regulatory requirement for launching a card. It authorises you to issue cards and to hold and transfer cardholder funds.

Card scheme membership (Visa, Mastercard)

In order to issue Visa or Mastercard labelled cards, you need to have a card scheme membership or be sponsored by someone who is a member of a card scheme.

Key benefits of Enfuce BIN sponsorship

  • We hold our own EMI licence and don’t operate through third parties in the EEA countries or the UK.
  • Being approved for an EMI licence and a scheme membership without a sponsor will take up to a year – with us, you will be ready to go to market in a fraction of the time.
  • Getting both the BIN sponsorship and cards from the same partner reduces administration and coordination and ensures that processes are aligned and optimised.
  • You don’t need to become an expert in payments regulation or keep an eye out for future changes in rules and practices that you would need to implement.
  • You don’t need to have an extensive amount of funds or equity to issue cards.
  • All licences are not equal. Our licence is granted by the credible and reputable Finnish Financial Supervisory Authority (FIN-FSA) with high compliance standards as our regulator to reduce customer risk assessment.
  • If you decide to apply for your own licence or principal scheme membership later, we will help you in the migration process.

With Enfuce, you issue payment cards that are…

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Composable

Choose features and services from our modular offering and design a payment card product to fit your exact needs.

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Scalable

Access a cloud-based platform with capacity to scale globally across multiple currencies and regions without scaling costs.

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Secure and compliant

Benefit from 99.99% uptime, 24/7 fraud monitoring, dispute management, and PCI-DSS, GDPR and PSD2 compliance.

Want to know more? Contact us!

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