Bankees Foundation and Mastercard to Launch Crypto-Prepaid Cards in South Korea and Global Markets

02 May 2025 | Friday | News

Formerly Nexfin, Bankees to issue KYC-compliant cards across key global markets, with plans for a Platinum co-branded Visa-Mastercard rollout and inclusion-focused features for the unbanked.

Bankees Foundation, formerly known as Nexfin, has officially signed an agreement with Mastercard to issue crypto-rechargeable prepaid cards. The agreement, finalized in March 2025, allows for card issuance across nearly all global markets—excluding only the United States and Japan.

The service will be available in South KoreaSoutheast AsiaTaiwanHong KongEuropeSouth AmericaCanada, and Australia, with plans to expand into the U.S. and Japan in 2026, pending additional regulatory review and compliance procedures.

Platinum-tier card is also in development, which will be co-branded with Visa, marking a rare dual-network collaboration in the prepaid crypto card space.

In countries with large unbanked populations, Bankees plans to offer a basic version of the card with simplified application requirements, allowing more inclusive access to digital payment infrastructure.

As part of its rebranding strategy from Nexfin, Bankees has adopted a youthful, MZ-generation-friendly image, complete with its own character IP. This move is aimed at increasing user engagement and brand relatability.

Survey Box

Vote for the most influential trend in 2025:

What's Driving the Future of FinTech?v

× Please select an option to participate in the poll.
Processing...
× You have successfully cast your vote.
 {{ optionDetail.option }}  {{ optionDetail.percentage }}%
 {{ optionDetail.percentage }}% Complete
More polls
Stay Connected

Sign up to our free newsletter and get the latest news sent direct to your inbox

Fintech Business Asia, a business of FinTech Business Review
© 2025 FinTech Business Review. All Rights Reserved.

Show

Forgot your password?

Show

Show

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close