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 27 June 2020

E-Money Payment Cards Affected by Wirecard Collapse

Anna MileikoWritten by Anna Mileiko

E-Money Payment Cards Affected by Wirecard Collapse

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.

List of EMIs Offering Wirecard-Issued Cards

EMI NameCountryCard NameCard TypeCard Provider
POCKIT LIMITEDGBUnited KingdomPockit CarddebitMasterCard
Valyuz UABLTLithuaniaPersonal CardprepaidMasterCard
Valyuz UABLTLithuaniaBusiness CardprepaidMasterCard
Dzing Finance LtdGBUnited KingdomDzing Personal CarddebitMasterCard
Glint Pay Services LtdGBUnited KingdomGlint Personal CardprepaidMasterCard
MOONEY S.P.A.ITItalyPrepaid CardprepaidMasterCard
TenX Payments Europe AGLILiechtensteinTenX Payment CardprepaidVisa

POCKIT LIMITED

POCKIT LIMITED (United Kingdom) was an electronic money institution authorized and regulated by the Financial Conduct Authority. POCKIT was focused on payment cards and current accounts. The company offered UK accounts with sort code, debit cards, prepaid cards to individuals. In 2022 POCKIT LIMITED had total assets of 2.04 mln GBP.

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.

GBGBP (Pound sterling)

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 (Lithuania) is an electronic money institution authorized and regulated by the Bank of Lithuania. Valyuz is focused on providing alternatives to traditional banking. The company 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 2023 Valyuz UAB total safeguarded customer funds were 53.93 mln EUR and revenue was 4.03 mln EUR.

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.

EUEUR (Euro)

Card Issuer

Wirecard Card Solutions Limited

Dzing Finance Ltd

Dzing Finance Ltd (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Dzing Finance is focused on providing payment cards and IBAN accounts. The company offers UK current accounts with sort codes, current accounts with IBAN, debit cards, virtual cards, virtual disposable cards, white-label banking to individuals. In 2022 Dzing Finance Ltd had total assets of 3.55 mln GBP, and generated net income of -5,868,086.00 GBP. During 2022 the company had 20 employees in average.

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 either in EUR or in GBP.

EUEUR (Euro)
GBGBP (Pound sterling)

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%

Glint Pay Services Ltd

Glint Pay Services Ltd (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Glint Pay Services is focused on providing buy/sell gold operations using Glint MasterCard cards. The company offers Glint virtual accounts to buy/sell physical gold, Glint MasterCard cards. In 2022 Glint Pay Services Ltd had total assets of 8.37 mln GBP, and generated net income of -1,041,969.00 GBP. During 2022 the company had 0 employees in average.

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.

EUEUR (Euro)
GBGBP (Pound sterling)
USUSD (US dollar)

Card Issuer

Wirecard Card Solutions Ltd

MOONEY S.P.A.

Mooney traces its roots back to 2002 when Sisal (renamed to SisalPay) started offering payments, top-ups to natural persons in Italy. In 2019, Mooney was created as a joint venture of SisalPay and Banca 5 (Intesa Sanpaolo Group). In 2022, Intesa Sanpaolo and Enel acquired Mooney. MOONEY S.P.A. (Italy) is an electronic money institution authorized and regulated by the Bank of Italy. MOONEY is focused on providing IBAN accounts and payment cards. The company offers personal accounts with IBAN, prepaid cards.

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.

EUEUR (Euro)

Card Issuer

Wirecard Card Solutions Ltd

TenX Payments Europe AG

TenX Payments Europe AG (Liechtenstein) was an electronic money institution authorized and regulated by the Financial Market Authority. TenX Payments Europe was focused on providing crypto e-wallets and payment cards. The company offered crypto e-wallets, payment cards, cryptocurrency exchange to natural persons.

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.

EUEUR (Euro)

Card Issuer

Wirecard Card Solutions Ltd

See Also

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