E-Money Payment Cards Affected by Wirecard Collapse

27 June 2020

On June 26 2020, Financial Conduct Authority of the United Kingdom (FCA) ordered Wirecard Card Solutions Ltd to cease all regulated activity after its parent company, Wirecard AG, filed for insolvency in Germany. Wirecard Card Solutions has temporarily suspended its electronic money issuing, card issuing and acquiring business.

E-money institutions offering payment cards either issue the cards themselves (for example, Transferwise and Paysera) or use card issuing services from third-party companies like Wirecard Card Solutions Ltd, Contis Financial Services Ltd or Decta Limited. E-money institutions using Wirecard Card Solutions services were affected by the FCA's decision and had to suspend customer cards transactions and make customer accounts temporarily inaccessible.

EMI Name Country Card Name Card Type Card Provider
Via Payments UABLTLithuaniaPersonal CarddebitMasterCard
POCKIT LIMITEDGBUnited KingdomPockit CarddebitMasterCard
Valyuz UABLTLithuaniaPersonal CardprepaidMasterCard
Valyuz UABLTLithuaniaBusiness CardprepaidMasterCard
ConnectPay UABLTLithuaniaHERCUS Prepaid CardprepaidMasterCard
UAB DEVERE E-MONEYLTLithuaniadeVere Vault Prepaid MastercardprepaidMasterCard
Dzing Finance LtdGBUnited KingdomDzing Personal CarddebitMasterCard
FAIR PAYMENTS LIMITEDGBUnited KingdomFairFX Prepaid CardprepaidMasterCard
Glint Pay services LtdGBUnited KingdomGlint Personal CardprepaidMasterCard
SISALPAY S.P.A.ITItalyPrepaid CardprepaidMasterCard
TenX Payments Europe AGLILiechtensteinTenX Payment CardprepaidVisa

Via Payments UAB

Via Payments UAB is an electronic money institution focused on alternative banking and payment services. Via Payments UAB offers personal virtual accounts with IBAN, business virtual accounts with IBAN, prepaid cards, international transfers, currency exchange to individuals, businesses. In 2019 Via Payments UAB had total customer funds to be safeguarded of 25.67 mln EUR, Via Payments UAB generated gross profit of 2.08 mln EUR. Incorporated in Lithuania, Via Payments UAB is authorized and regulated by the Bank of Lithuania. Via Payments UAB is doing business as Vialet.

Personal Card Overview

Personal Card
Card Type
debit
physical
contactless
Currency
single currency
EUR
Card Provider
MasterCard
Currency

Personal Card is a single currency card, it can be issued in EUR only.

Card Issuer

Wirecard Card Solutions Ltd

Card Fees and Limits
Non-verifiedVerified
Card Issuing Feefreefree
Card Delivery Feefreefree
Card Payment Feefreefree
ATM Withdrawal Fee2.00% (min. 2.50 EUR)2.00% (min. 2.50 EUR)
Currency Exchange FeeMasterCard rate + 1.00 %MasterCard rate + 1.00 %
Card Payments Limitn/adaily: 1,400 EUR
monthly: 7,000 EUR
ATM Withdrawal Limitn/adaily: 600 EUR
monthly: 3,000 EUR

POCKIT LIMITED

POCKIT LIMITED is an electronic money institution focused on payment cards and current accounts. POCKIT LIMITED offers UK accounts with sort code, debit cards, prepaid cards to individuals. Incorporated in the United Kingdom, POCKIT LIMITED is authorized and regulated by the Financial Conduct Authority.

Pockit Card Overview

Pockit Card
Card Type
debit
physical
contactless
Currency
single currency
GBP
Card Provider
MasterCard
Currency

Pockit Card is a single currency card, it can be issued in GBP only.

Card Issuer

Wirecard Card Solutions Ltd

Card Fees and Limits
Pockit Card
Online Payments Feefree
In-store Payments Feefree
ATM Withdrawal Feein the UK: 0.99 GBP
outside the UK: 2.99 GBP
Currency Exchange Fee4.00 %

Valyuz UAB

Valyuz UAB is an electronic money institution focused on providing alternatives to traditional banking. Valyuz UAB offers SEPA transfers, SWIFT transfers, ACH transfers, currency exchange, debit cards, personal virtual accounts with IBAN, business virtual accounts with IBAN to individuals, businesses. In 2019 Valyuz UAB had total customer funds to be safeguarded of 5.59 mln EUR, Valyuz UAB generated gross profit of 248,000.00 EUR. Incorporated in Lithuania, Valyuz UAB is authorized and regulated by the Bank of Lithuania.

Personal Card Overview

Personal Card
Card Type
prepaid
physical, virtual
contactless
Currency
single currency
EUR
Card Provider
MasterCard
Currency

Personal Card is a single currency card, it can be issued in EUR only.

Card Issuer

Wirecard Card Solutions Limited

ConnectPay UAB

ConnectPay UAB is an electronic money institution focused on banking alternative for online-focused businesses. ConnectPay UAB offers virtual personal accounts with IBAN, virtual business accounts with IBAN, virtual merchant accounts with IBAN to individuals, businesses, merchants. In 2019 ConnectPay UAB had total customer funds to be safeguarded of 46.54 mln EUR, ConnectPay UAB generated gross profit of 1.54 mln EUR. Incorporated in Lithuania, ConnectPay UAB is authorized and regulated by the Bank of Lithuania.

HERCUS Prepaid Card Overview

HERCUS Prepaid Card
Card Type
prepaid
physical
Currency
single currency
EUR
Card Provider
MasterCard
Currency

HERCUS Prepaid Card is a single currency card, it can be issued in EUR only.

Card Loading

ConnectPay Card can be topped up from the cardholder's ConnectPay IBAN account

Card Issuer

Wirecard Card Solutions Ltd

Card Fees and Limits
ConnectPay Card
Card Issuing and Delivery Fee50.00 EUR
Monthly Fee25.00 EUR
Currency Exchange Fee2.00 %
Transaction Fee0.5%, min 1.00 EUR
ATM Withdrawal Fee2.5%, min 2.00 EUR
Card Load Limit per Day1,000 EUR
Card Load Limit per Year100,000 EUR
ATM Withdrawal per Day1,000 EUR
ATM Withdrawal per Month31,000 EUR

UAB DEVERE E-MONEY

UAB DEVERE E-MONEY is an electronic money institution focused on international money transfers. UAB DEVERE E-MONEY offers money transfers, currency exchange, multi-currency e-wallets, payment cards to individuals. In 2019 UAB DEVERE E-MONEY had total customer funds to be safeguarded of 5.85 mln EUR, UAB DEVERE E-MONEY generated gross profit of 823,000.00 EUR. Incorporated in Lithuania, UAB DEVERE E-MONEY is authorized and regulated by the Bank of Lithuania.

deVere Vault Prepaid Mastercard Overview

deVere Vault Prepaid Mastercard
Card Type
prepaid
physical, virtual
contactless
Currency
multi currency
GBP, USD, EUR, CHF, PLN
Card Provider
MasterCard
Currency

deVere Vault Prepaid Mastercard is a multi-currency card, the funds can be held in different currencies at the same time.

Card Issuer

Wirecard Card Solutions Ltd

Dzing Finance Ltd

Dzing Finance Ltd is an electronic money institution focused on providing payment cards and IBAN accounts. Dzing Finance Ltd offers UK current accounts with sort codes, current accounts with IBAN, debit cards, virtual cards, virtual disposable cards to individuals. Incorporated in the United Kingdom, Dzing Finance Ltd is authorized and regulated by the Financial Conduct Authority.

Dzing Personal Card Overview

Dzing Personal Card
Card Type
debit
physical, virtual
contactless
Currency
single currency
EUR, GBP
Card Provider
MasterCard
Currency

Dzing Personal Card is a single currency card, it can be issued in EUR, GBP only.

Card Issuer

Wirecard Card Solutions Ltd

Card Fees and Limits
Dzing CoreDzing PremiumDzing Elite
Main Card Issuing Feefreefreefree
Main Card Delivery Feefreefreefree
Additional Card Issuing Fee3,99 GBPfreefree
Additional Card Delivery Fee9,99 GBPfreefree
ATM Withdrawal Feeup to 200 EUR: free
above: 1.00 GBP + 1.00%
up to 400 EUR: free
above: 0.50 GBP + 0.50%
up to 600 EUR: free
above: 0.50 GBP + 0.00%

FAIR PAYMENTS LIMITED

FAIR PAYMENTS LIMITED is an electronic money institution focused on payment cards and international transfers. FAIR PAYMENTS LIMITED offers international money transfers, currency exchange, travel cards, travel cash to individuals, businesses. Incorporated in the United Kingdom, FAIR PAYMENTS LIMITED is authorized and regulated by the Financial Conduct Authority. FAIR PAYMENTS LIMITED is doing business as FairFX.

FairFX Prepaid Card Overview

FairFX Prepaid Card
Card Type
prepaid
physical
contactless
Currency
single currency
EUR, GBP, USD
Card Provider
MasterCard
Currency

FairFX Prepaid Card is a single currency card, it can be issued in EUR, GBP, USD only.

Card Issuer

Wirecard Card Solutions Ltd

Card Fees and Limits
Euro CardDollar CardEverywhere Card
Card Issue Feefreefreefree
Monthly Feefreefreefree
ATM Transaction Fee0.75 EUR1.00 USD0.50 GBP

Glint Pay services Ltd

Glint Pay services Ltd is an electronic money institution focused on providing buy/sell gold operations using Glint MasterCard cards. Glint Pay services Ltd offers Glint virtual accounts to buy/sell physical gold, Glint MasterCard cards. In 2018 Glint Pay services Ltd had total assets of 1.95 mln GBP, Glint Pay services Ltd generated net income of -2,598,380.00 GBP. Incorporated in the United Kingdom, Glint Pay services Ltd is authorized and regulated by the Financial Conduct Authority.

Glint Personal Card Overview

Glint Personal Card
Card Type
prepaid
physical
contactless
Currency
multi currency
EUR, GBP, USD
Card Provider
MasterCard
Currency

Glint Personal Card is a multi-currency card, the funds can be held in different currencies at the same time.

Card Issuer

Wirecard Card Solutions Ltd

SISALPAY S.P.A.

SISALPAY S.P.A. is an electronic money institution focused on providing IBAN accounts and payment cards. SISALPAY S.P.A. offers personal accounts with IBAN, prepaid cards. Incorporated in Italy, SISALPAY S.P.A. is authorized and regulated by the Bank of Italy.

Prepaid Card Overview

Prepaid Card
Card Type
prepaid
physical
contactless
Currency
single currency
EUR
Card Provider
MasterCard
Currency

Prepaid Card is a single currency card, it can be issued in EUR only.

Card Issuer

Wirecard Card Solutions Ltd

TenX Payments Europe AG

TenX Payments Europe AG is an electronic money institution focused on providing crypto e-wallets and payment cards. TenX Payments Europe AG offers crypto e-wallets, payment cards, cryptocurrency exchange to natural persons. Incorporated in Liechtenstein, TenX Payments Europe AG is authorized and regulated by the Financial Market Authority.

TenX Payment Card Overview

TenX Payment Card
Card Type
prepaid
physical, virtual
contactless
Currency
single currency
EUR
Card Provider
Visa
Currency

TenX Payment Card is a single currency card, it can be issued in EUR only.

Card Issuer

Wirecard Card Solutions Ltd

See Also