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To provide an enhanced banking experience, Credits will leverage Unlimited’s payments infrastructure and global reach. Using this infrastructure will allow Credits to enhance its existing offerings with an innovative suite of services backed by Unlimited payment technology. A partnership project will allow Mastercard cards to be integrated into the Credits app and ordered directly within it.
To receive a Mastercard debit card, customers register on Credits’ app, go through KYC verification, and place an order. The Unlimited and Credits project is scheduled to start in Q1 2023.
The European market will be targeted first, with further expansion planned for Mexico and Brazil. The first phase of the launch is set to include the ability to release virtual cards, followed by physical cards.
Through this partnership, Unlimited and Credits aim to offer unique services to cryptocurrency users in both Europe and Latin America. The move follows Challenger Bank Credit, whose overall aim is to provide financial services to the crypto space.
This partnership will allow users to use cryptocurrencies without having to convert their assets through a centralized exchange.
Jovi ObelloManaging Director, Banking as a Service (BaaS) Cancellation of restriction, commented on the partnership news. Overo said:
Unlimint’s BaaS offering was developed to help innovative companies like Credits accelerate their geographic footprint in existing and new markets.
We believe this partnership is a big step towards our mission to create a new fintech world with limitless possibilities, without the limitations of legacy and banking technology.
Powered by Unlimited, the new debit card will allow Credits to not only expand its product and service offerings globally, but also assert its position as a global leader in digital banking.
