Developing your global commercial card program: 6 tips for fintechs

Developing your global commercial card program

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6 tips for fintechs

Enhancing your card program by adding the ability to issue across borders can help fintechs better support multinational clients, open doors to new opportunities and gain a competitive advantage in an increasingly global marketplace.

However, expanding issuing capabilities across borders does come with considerations fintechs need to plan for. Local regulations can vary by market, issuing licenses are often held by banks, and requirements around settlement, currency and compliance differ from country to country. The good news is that these challenges don’t have to slow down growth. With the right structure and partners in place, fintechs can navigate these requirements efficiently and unlock international issuing in a way that is scalable, compliant and aligned to their business goals.

Given these operational considerations, fintechs may benefit from a partner who can provide the expertise, infrastructure and global network necessary to reduce friction and help streamline the path to global issuing.

Fintechs can gain approval to participate in specific programs — like Visa’s Multinational Program* — that can help accelerate global commercial issuing strategies by providing support as they navigate business and regulatory requirements across each market of interest.

Multiple currencies mean exposure to foreign exchange (FX) and conversion fees

Local banking rules can vary, and markets may require a licensed BIN sponsor.