Enfuce has announces the expansion of its E2 card, a 2-in-1 debit and credit card, to the UK, France and Germany, in collaboration with Mastercard.
Offering debit and credit PANs in one card, E2 bolsters the company’s track record of delivering cutting-edge products that benefit both card issuers and customers.
The concept of a 2-in-1 debit and credit card has become an industry standard in the Nordics, but they are less prevalent across Europe.
The E2 card, named for offering twice the payment capabilities of a traditional card, gives cardholders both credit and debit PANs in one card, providing simplicity, flexibility – and only one PIN to remember.
Cardholders can set their default payment depending on preference, and easily instantly switch between the two at POS.
This provides an alternative option to moving money between accounts, giving cardholders more control over their spending, and helping them avoid overdraft fees.
Each application is linked to its own account, so funds will always be taken from the correct one.
When it comes to digital wallets, cardholders also receive a frictionless experience with custom designs available for each card to avoid confusion.
“We believe that our 2-in-1 card could soon become an industry norm, as it has done in the Nordics,” says Denise Johansson, Co-Founder & Co-CEO of Enfuce.
“We’re proud to be able to answer a clear gap in the market for both banks and consumers, giving an added boost to the rich fintech ecosystem in the UK, France and Germany.”
“Partnership is part of our DNA, and we are dedicated to collaborating with partners who share our vision of offering innovative payment solutions,” said Andreas Spengel, Senior Vice President Market Development, Mastercard in a statement.
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