Bankees Foundation, formerly known as Nexfin, has officially signed an agreement with Mastercard to issue crypto-rechargeable prepaid cards. The agreement, finalized in March 2025, allows for card issuance across nearly all global markets excluding only the United States and Japan.
The service will be available in South Korea, Southeast Asia, Taiwan, Hong Kong, Europe, South America, Canada, and Australia, with plans to expand into the U.S. and Japan in 2026, pending additional regulatory review and compliance procedures.
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Under the terms of the partnership, Bankees Foundation is authorized to design and produce its own branded cards. The first rollout will feature five unique card designs, all issued under Mastercard’s strict regulatory framework, including mandatory Know Your Customer (KYC) verification processes.
A Platinum-tier card is also in development, which will be co-branded with Visa, marking a rare dual-network collaboration in the prepaid crypto card space.
In countries with large unbanked populations, Bankees plans to offer a basic version of the card with simplified application requirements, allowing more inclusive access to digital payment infrastructure.
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As part of its rebranding strategy from Nexfin, Bankees has adopted a youthful, MZ-generation-friendly image, complete with its own character IP. This move is aimed at increasing user engagement and brand relatability.
The official website, whitepaper, token issuance, and technical audits are scheduled to go live by the end of May 2025.
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Furthermore, Bankees leadership has confirmed participation in the DNA HOUSE event—an exclusive global blockchain gathering hosted by the Co-founder of Tether—set to take place at the end of June 2025.
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Source –PR newswire
