02 May 2025 | Friday | News
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 Korea, Southeast Asia, Taiwan, Hong Kong, Europe, South America, Canada, and Australia, with plans to expand into the U.S. and Japan in 2026, pending additional regulatory review and compliance procedures.
A 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.
Fintech Business Asia, a business of FinTech Business Review
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