Zenus Bank, a digital bank making US bank accounts available internationally, has become the first bank to launch a Visa Infinite Debit Card to a global audience.
This development allows people in over 46 countries to easily apply for a US bank account online. They will then be issued a virtual Visa Infinite debit card and receive a physical card in under ten days.
The Visa Infinite card is typically a credit card, but Zenus has offered it as a debit card.
Through the Visa card, users will have travel protection, purchase protections, and more. The SmartMetal physical card will feature a metal core with the Zenus brand etched into it.
Zenus also hopes the launch of the Visa Infinite card will help accelerate digital inclusion and enable digital payments across the Latin American and Caribbean region and in other underbanked markets.
Zenus Bank founder and chairman Mushegh Tovmasyan said, “Today’s announcement is hugely important for us, as an international bank. Being a business partner, and with Visa’s technology we’ve been able to issue digital and physical credentials in over 46 countries.
“This gives our clients, access to a Visa Infinite Debit card with which they can make purchases in over 80 million merchant locations in 200 countries with total confidence, security, and unique benefits.”
Visa Puerto Rico country manager Luis Guerra added, “There is no doubt that the future of money is digital, and that shift is transforming how the world pays. Visa’s past, present and future are about fostering innovation and enabling new partners and capabilities. We are thrilled to be working together with Zenus, on their international expansion. The launch of this new Visa Infinite card will help accelerate digital inclusion in the region and beyond.”
Last year, Zenus became the first international financial entity to become a principal member of Visa.
Visa has had a busy start to 2023. It recently joined the $45m Series B funding round of Moov Financial. The company aims to help developers embed payment functionality into their software.
The payments giant also teamed up with Froda and Lunar in a global deal to launch a technology aimed at resolving push-payment problems.
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