By Oliver Smith on Tuesday 3 September 2019
All change as Visa secures one of its first debit card digital banking customers.
Visa has been notably absent from digital banking in recent years, with the vast majority of Europe’s fintech providers partnering instead with MasterCard.
Now that could be changing.
Dozens, the London-based current account and investment app, today announced it’s switching its card issuer from MasterCard to Visa.
“Visa is the world’s leading payment technology company and is the provider of choice for most mature banks around the world,” said Aritra Chakravarty, CEO and Founder of Dozens.
“We couldn’t be more excited to partner with Visa at such an early stage of our journey.”
For Dozens, the move means two things. Firstly, that the company will have to reissue some 16,000 cards to its existing customer base.
Secondly, Dozens will get its own bank identification number and which will enable the company to develop more features and enter new markets.
For now, Dozens cardholders will be able to use their new Visa debit cards as before for domestic and international payments, paying with zero commission abroad, splitting bills, etc.