Elfin: Launches payments card

Elfin: Launches payments card

  • Elfin Market, the UK-based peer-to-peer lender, is pleased to announce the launch of the new “payments Card”
  • This new prepaid Mastercard gives our customers a flexible way to use their credit accounts
  • Alongside fee-free, almost instant transfers to their bank account (with no cash advance fees)
  • All customers will be able to order the card via the app on 26/7/22 after updating to the latest version of the app
  • Though technically not a credit card, the card was designed to offer UK individuals the same borrowing flexibility as a credit card
  • Market is a peer-to-peer lending platform, offering borrowers credit 75% cheaper than the average credit card
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...