Saldo Bank taps Enfuce to launch its first payment card programme
Saldo Bank, headquartered in Vilnius, Lithuania, has partnered with Finnish issuer processor Enfuce to launch its very first payment card programme.
Saldo Bank launches payment card programme with Enfuce
Through the partnership, Enfuce is expected to deliver “over 60,000 custom-built open-loop Visa credit and debit cards” in various formats, including physical, virtual and tokenised cards.
Saldo says its credit card programme also features “advanced and real-time onboarding and credit scoring”, allowing for fully automated card issuance.
The programme is currently live in Finland, where Saldo has accumulated around 40,000 loan and deposit product customers since entering the market in October 2023.
“These new cards enable Saldo Bank’s customers, including those using revolving credit and new applicants needing a credit line, to easily manage their finances in one place, eliminating the need for fund transfers between institutions,” a statement by Enfuce reads.
In addition to Finland, the bank operates in its home market of Lithuania and expanded to Sweden earlier this year. In these two markets, its services currently include loans, term deposits and revolving credit.
“Launching a credit card programme and bringing payment services into Saldo Bank’s offering supports our growth strategy by expanding the product range and serving an ever-wider customer base,” comments Saldo CEO Jarkko Mäensivu.
