A pioneer in the Nordics, Enfuce launches their E2 card in the UK, France and Germany, in collaboration with Mastercard.
Issuer processing powerhouse Enfuce today announces the expansion of its E2 card to the UK, France and Germany, in collaboration with Mastercard. „Offering debit and credit PANs in one card, E2 bolsters the company’s track record of delivering cutting-edge products that benefit both card issuers and customers.” – according to the press release.
„The concept of a ‘combination card’ has become an industry standard in the Nordics, they are less prevalent across Europe. The E2 card, named for offering twice the payment capabilities of a traditional card, gives cardholders both credit and debit PANs in one card, providing simplicity, flexibility – and only one PIN to remember.” – the company said.
Cardholders can set their default payment depending on preference, and easily instantly switch between the two at the point of sale. This provides an alternative option to moving money between accounts, giving cardholders more control over their spending, and helping them avoid overdraft fees.
Each application is linked to its own account, so funds will always be taken from the correct one. When it comes to digital wallets, cardholders also receive a frictionless experience with custom designs available for each card to avoid confusion.
„The E2 card gives Enfuce customers’ an edge over their competitors, with the dual-PAN removing the need to provide two cards. Aside from the added flexibility for customers, banks and innovators can cut their plastic consumption, by reducing the number of cards they manufacture, benefiting both users and the planet. The dual-PAN card also offers improved security to cardholders by letting them switch to credit payments when making a high-value purchase.” – the company explained.
Enfuce customers’ will also be able to design custom card products depending on cardholder needs, like custom limits and controls made in real-time, and help them increase cardholder loyalty by increasing flexibility and keeping up with changing consumer spending preferences in the credit and debit market.
Monika Liikamaa – Co-founder & Co-CEO of Enfuce, says: “With double the powers of a traditional card, the E2 card is Enfuce’s trusted card programme expertise squared. Providing double the ease and double the power for cardholders across the UK and Europe, this launch is another step in our journey to deliver our commitment to bring Nordic innovation to the rest of the world.”
Denise Johansson – Co-Founder & Co-CEO of Enfuce, says: “We believe that our 2-in-1 card could soon become an industry norm, as it has done in the Nordics. We’re proud to be able to answer a clear gap in the market for both banks and consumers, giving an added boost to the rich fintech ecosystem in the UK, France and Germany.”
Andreas Spengel, Senior Vice President Market Development, Mastercard says: “Together with Enfuce, we are excited to provide cardholders across Europe and the UK with a seamless and convenient choice that combines the best of both debit and credit.”
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Founded in 2016, Enfuce is a female-founded and led company and one of Finland’s most valuable scaleups. Enfuce is the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud.
Holding an Electronic Money Institution (EMI) licence from the Finnish FSA and from the UK’s Financial Conduct Authority (FCA), enabling operations across Europe and the UK, Enfuce’s PCI-DSS certified platform guarantees 99.999% uptime, global scalability, and card scheme connectivity, supporting various card programmes and integration with digital wallets.
Enfuce has raised €68.5 million in funding rounds, showcasing its industry leadership with recognitions like Visa Fintech Fast Track and Mastercard Lighthouse Development Program participation, as well as winning prestigious awards, such as the 2019 PayTech Award for Best Payments Solution, 2022 FF Award for Mobile Payments and the 2023 FF Award for Authentic ESG.
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