Enfuce has partnered with allpay cards to enhance Enfuce’s MyCard solution in the U.K., providing customizable card issuance services.
MyCard allows fintechs and banks to issue and manage payment cards quickly, simplifies the card issuing process, and offers personalized options like metal, biometric, and sustainable cards made from recycled materials.
This collaboration reflects growing trends for modular, cloud-based payments platforms that facilitate a faster time-to-market and improved security for fintechs and banks.
Enfuce and plastic card manufacturer allpay cards have partnered this week. Enfuce has tapped allpay cards to manufacture and personalize payment cards to bolster Enfuce’s MyCard solution for U.K. clients.
“We are thrilled to partner with allpay cards to bring MyCard to market in the U.K. and of course work with them as their selected processing partner,” said Enfuce Co-Founder & Co-CEO Monika Liikamaa. “Our relationship is a true collaboration fostered on trust and well-aligned strategic goals which makes us the perfect pair to deliver card innovation.”
Enfuce launched its MyCard solution in early 2022 as part of their Card-as-a-Service offering. The MyCard platform allows fintechs and banks to issue and manage payment cards quickly and without the need for a large technical team. To simplify card programs, MyCard handles the entire process, including manufacturing, stock management, compliance, and distribution. The tool allows for a deep level of customization, enabling organizations to launch personalized cards, metal cards, biometric cards, vertical cards, and sustainable cards made from corn starch, post-industrial waste, and recycled plastic.
Enfuce and allpay cards first linked up in 2023, when Enfuce became allpay’s processing partner. This move, which integrated Enfuce’s modular payments platform for its U.K. clients, helped allpay enhance its card manufacturing and personalization services.
“We are excited to be supporting Enfuce’s MyCard proposition, particularly as the demand for scalable, secure, and customized card solutions grows in the fintech space,” said allpay cards Head of Sales Emily Lovelock. “By joining forces with Enfuce, we are confident we can deliver a stress-free, high-quality experience for all of their U.K. clients.”
The partnership between Enfuce and allpay cards reflects the increasing demand for customizable, and scalable “-as-a-Service” solutions. Additionally, this collaboration highlights the shift towards integrating cloud-based and modular payments platforms, which allow for faster time-to-market and enhanced security in a fast-evolving regulatory landscape.
Finland-based Enfuce was founded in 2016 and has raised $78 million (€70.5 million). In addition to its MyCard solution, the company offers card issuance, digital wallets, card program insights, fraud and dispute management, and more.
Photo by RDNE Stock project
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The collaboration between Enfuce and allpay cards marks a significant milestone in the financial technology industry. By joining forces to enhance Enfuce’s MyCard solution, the two companies are driving innovation and offering tailored card issuance services to clients in the U.K. This partnership underscores the shift towards modular, cloud-based payments platforms that prioritize speed-to-market and security for fintechs and banks alike.
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