Neobanks that issue a Mastercard
short answer148 of the 368 neobanks tracked here are Mastercard neobanks. The network on the card is chosen by whoever issues it, which for most neobanks is a sponsor bank or a BIN sponsor rather than the brand on the app. The largest by disclosed users are Nubank, Mercado Pago, OPay, Revolut and Banco Inter; all 148 are listed below with custody, licence and geography.
The network on the card is chosen by whoever issues it, which for most neobanks is a sponsor bank or a BIN sponsor rather than the brand on the app. Some products run both schemes depending on the market, so they appear on the Visa list too.
All 148 Mastercard neobanks
| neobank | type | hq | custody | licence / structure | reported users |
|---|---|---|---|---|---|
| Nubank | traditional | São Paulo, BR | Custodial | Bank licences BR/MX/CO; conditional US OCC approval (2026) | 131M customers (2025) |
| Mercado Pago | hybrid | Buenos Aires, AR | Custodial | Payment/fintech licences region-wide; pursuing MX bank licence | 78M MAU (2025) |
| OPay | traditional | Lagos, NG | Custodial | Payment licences (NG) | 60M users (2024) |
| Revolut | hybrid | London, UK | Custodial | UK banking licence (2024); EU licence (Lithuania) | 50M customers (2025) |
| Banco Inter | traditional | Belo Horizonte, BR | Custodial | Bank; Public (INTR) | 35M clients (2025) |
| PalmPay | traditional | Lagos, NG | Custodial | Mobile money licence (NG) | 35M users (2025) |
| Wise | traditional | London, UK | Custodial | E-money/payment licences globally | 19M customers (FY26) |
| Monzo | traditional | London, UK | Custodial | UK banking licence | 12M customers (2025) |
| Airtel Payments Bank | traditional | Delhi, IN | Custodial | Payments bank licence (RBI) | — |
| Albert | traditional | Culver City, US | Custodial | Partner banks (Sutton Bank, Stride Bank; savings via Coastal Community Bank, Wells Fargo) | — |
| albo | traditional | Mexico City, MX | Custodial | IFPE licence (CNBV, Mexico, 2022) — e-money institution under Ley Fintech | — |
| Algbra | traditional | London, UK | Custodial | E-money institution (FCA, FRN 952360, UK) | — |
| Allica Bank | traditional | Milton Keynes, UK | Custodial | Full UK banking licence (PRA/FCA authorised) | — |
| Allo Bank | traditional | Jakarta, ID | Custodial | Bank (OJK); CT Corp | — |
| Ally Bank | traditional | Detroit, US | Custodial | National bank charter | — |
| ANNA Money | traditional | Cardiff, UK | Custodial | E-money | — |
| Bank Zero | traditional | Johannesburg, ZA | Custodial | Mutual bank licence (SA) | — |
| Belo | hybrid | Buenos Aires, AR | Custodial | VASP registration (CNV PSAV No. 52, Argentina, Jul 2024) | — |
| BFinance | hybrid | Prague, CZ | Custodial | Czech VASP registration; Marqeta-issued cards | — |
| Bitget Wallet | web3-native | — | Self-custodial | Self-custodial; cards via DCS (Asia), Immersve (EU/UK/LatAm), Fiat24 (CN virtual) | — |
| BitPay Card | hybrid | Atlanta, US | Custodial | BitLicense (NYDFS) + FinCEN MSB + 20+ state money-transmitter licences | — |
| Bitso | hybrid | Mexico City, MX | Custodial | IFPE (MX) + regional VASP licences | — |
| Bleap | web3-native | London, UK | MPC self-custodial | MPC self-custody; MC principal member | — |
| Blu by BCA | traditional | Jakarta, ID | Custodial | Bank (BCA Digital) | — |
| Bluevine | traditional | Redwood City, US | Custodial | Partner bank (Coastal Community Bank) + sweep-network program banks (up to $3M FDIC); credit line via Celtic Bank | — |
| Brex | traditional | San Francisco, US | Custodial | Partner banks | — |
| Brighty | hybrid | Baar (Zug), CH | Custodial | Razz Finanzz AG (CH); crypto via Polish VASP registration (Wireflexion); fiat, IBANs and cards via BaaS partners | — |
| buddybank | traditional | Milan, IT | Custodial | UniCredit S.p.A. digital service — operates under UniCredit's Italian banking licence (ECB supervised) | — |
| Buenbit | hybrid | Buenos Aires, AR | Custodial | VASP — registered PSAV with CNV (Argentina); stablecoin-focused exchange + card | — |
| bunq | traditional | Amsterdam, NL | Custodial | Dutch banking licence | — |
| Bybit Card | hybrid | Dubai, AE | Custodial | VARA (Dubai) + regional | — |
| C24 Bank | traditional | Frankfurt, DE | Custodial | Full German banking licence (BaFin); CHECK24 subsidiary | — |
| C6 Bank | traditional | São Paulo, BR | Custodial | Bank licence (BCB) | — |
| COCA | hybrid | Dubai, AE | MPC self-custodial | MPC self-custody; e-money card partners (UK/EU) | — |
| CoinJar | hybrid | Melbourne, AU | Custodial | VASP registrations (AUSTRAC DCE, Australia; FCA cryptoasset, UK); card issued by EML (AFSL 404131) | — |
| Copper | traditional | Seattle, US | Custodial | Partner bank (Evolve Bank & Trust); relaunched family banking after 2024 Synapse collapse | — |
| Cuenca | traditional | Mexico City, MX | Custodial | IFPE licence (CNBV, Mexico, 2021) under Ley Fintech | — |
| Curve | traditional | London, UK | Custodial | E-money institution (FCA UK, FRN 900926); EEA via Curve Europe UAB EMI (Bank of Lithuania) | — |
| DolarApp | hybrid | Mexico City, MX | Custodial | Digital-dollar (USDC) accounts on regulated partner banks' and custodians' rails; rebranded ARQ 2026 | — |
| Douugh | traditional | Sydney, AU | Custodial | Partner banks (Regional Australia Bank; US via Choice Bank) | — |
| Enpara | traditional | Istanbul, TR | Custodial | Bank (QNB Finansbank) | — |
| EQ Bank | traditional | Toronto, CA | Custodial | Trade name of Equitable Bank, Schedule I chartered bank (OSFI, Canada); CDIC member | — |
| First Women's Bank | traditional | Chicago, US | Custodial | National bank charter | — |
| Fizen | web3-native | Ho Chi Minh, VN | Self-custodial | Self-custodial software | — |
| Flowe | traditional | Milan, IT | Custodial | E-money institution (IMEL, Bank of Italy, 2019); founded by Banca Mediolanum | — |
| Fondeadora | traditional | Mexico City, MX | Custodial | SOFIPO licence (Fondea Technologies S.F.P., CNBV Mexico, ex-Apoyo Múltiple); Prosofipo deposit insurance | — |
| Fortuneo | traditional | Brest, FR | Custodial | Crédit Mutuel Arkéa banking licence (ACPR, France); brand of the group's online bank | — |
| Found | traditional | San Francisco, US | Custodial | Partner bank (Lead Bank); FDIC pass-through up to $250k; formerly Piermont Bank | — |
| Freo | traditional | Bengaluru, IN | Custodial | In-house RBI-licensed NBFC; savings and accounts via partner banks (Equitas, Yes Bank) | — |
| Gemini Credit Card | hybrid | New York, US | Custodial | NYDFS trust | — |
| Global66 | traditional | Santiago, CL | Custodial | Prepaid-card e-money issuer licence (CMF, Chile); cross-border FX via Global 81 SpA | — |
| GoHenry | traditional | New York/London | Custodial | Partner bank (Community Federal Savings Bank, US); UK cards via FCA-regulated e-money issuer | — |
| GrabPay | traditional | Singapore, SG | Custodial | Major payment institution (MPI) licence (MAS Singapore, PS20200167); e-money issuer | — |
| Greenlight | traditional | Atlanta, US | Custodial | Partner bank (Community Federal) | — |
| Greenwood | traditional | Atlanta, US | Custodial | Partner bank (Coastal Community Bank); Mastercard debit; FDIC pass-through | — |
| Grey | traditional | Lagos, NG | Custodial | MSB registrations (FinCEN US, FINTRAC Canada); accounts via licensed banking partners | — |
| GXBank | traditional | Kuala Lumpur, MY | Custodial | Digital bank licence (BNM); Grab-led | — |
| Hey Banco | traditional | Monterrey, MX | Custodial | Own Mexican banking licence (CNBV banca múltiple); independent of Banregio since Jan 2026 | — |
| Hnry | traditional | Wellington, NZ | Custodial | Partner bank (ASB in NZ; Monoova/Cuscal in AU); registered tax agent, client accounts in own name | — |
| Holyheld | web3-native | London, UK | Self-custodial | E-money partners (EU); non-custodial top-ups | — |
| Hype | traditional | Milan, IT | Custodial | E-money institution (IMEL, Banca d'Italia); being merged into Banca Sella (2026) | — |
| indó | traditional | Reykjavík, IS | Custodial | Icelandic banking licence | — |
| Indy | traditional | Lyon, FR | Custodial | Accounts via Swan, ACPR-licensed e-money institution (France); French IBAN | — |
| isybank | traditional | Milan, IT | Custodial | Own Italian banking licence (Intesa Sanpaolo group; ECB/Banca d'Italia supervised) | — |
| Kaspi | traditional | Almaty, KZ | Custodial | Kazakh banking licence | — |
| Kit | traditional | Sydney, AU | Custodial | On CBA rails | — |
| Klar | traditional | Mexico City, MX | Custodial | SOFIPO licence (CNBV, Mexico); acquiring Bineo for its bank licence, approvals pending | — |
| KOHO | traditional | Toronto, CA | Custodial | Pursuing Schedule 1 bank licence | — |
| Kolo | hybrid | — | Custodial | AIFC FinTech Lab licence (Kazakhstan) + Polish VASP; cards issued by Banco Popular de Puerto Rico | — |
| Krak | hybrid | San Francisco, US | Custodial | US state licences; MiCA (EU) | — |
| Kroo | traditional | London, UK | Custodial | UK banking licence | — |
| LINE Bank TW | traditional | Taipei, TW | Custodial | Virtual bank licence (TW FSC) | — |
| Mercury | traditional | San Francisco, US | Custodial | Partner banks (Choice, Column) | — |
| MetaMask | web3-native | Consensys (global) | Self-custodial | Self-custodial software — no banking licence needed; card via licensed issuer partners | — |
| Mine | web3-native | Zug, CH | Self-custodial | Self-custodial software (EMM Ventures AG, Zug); card via Unblock Atomo SARL, EEA e-money institution; IBAN via regulated Swiss intermediary | — |
| MoCaFi | traditional | New York, US | Custodial | Partner bank (Sunrise Banks, N.A., Member FDIC) for accounts and Mastercard debit | — |
| Monese | traditional | London, UK | Custodial | FCA-authorised e-money institution (FRN 900960); UK accounts as agent of PrePay Technologies; owned by Pockit | — |
| Moniepoint | traditional | Lagos, NG | Custodial | MFB + switching licences (NG) | — |
| Monobank | traditional | Kyiv, UA | Custodial | Operates on Universal Bank licence | — |
| Movii | traditional | Bogotá, CO | Custodial | SEDPE e-money licence (Superintendencia Financiera, Colombia) | — |
| Mox Bank | traditional | Hong Kong, HK | Custodial | HK virtual bank (StanChart JV) | — |
| Munify | traditional | Cairo, EG | Custodial | US accounts via partner banks; in-principle DFSA licence approval (UAE, Nov 2025) | — |
| N26 | traditional | Berlin, DE | Custodial | German banking licence | — |
| Naranja X | traditional | Córdoba, AR | Custodial | Bank (Grupo Galicia) | — |
| Neo Financial | traditional | Calgary, CA | Custodial | Partner banks (Peoples Bank of Canada, Concentra Bank); CDIC-insured deposits | — |
| neon | traditional | Zurich, CH | Custodial | Partner: Hypothekarbank Lenzburg | — |
| Nexo | hybrid | Zug, CH | Custodial | EU VASP registrations; MiCA CASP application pending; EEA served via MiCA-licensed Tangany + DLT Finance | — |
| NG.cash | traditional | Rio de Janeiro, BR | Custodial | Payment institution (Banco Central do Brasil, e-money issuer licence, May 2025) | — |
| Nickel | traditional | Paris, FR | Custodial | Payment institution (Financière des Paiements Électroniques, ACPR no. 16598); BNP Paribas subsidiary | — |
| Nomad | traditional | São Paulo, BR | Custodial | Partner bank (Community Federal Savings Bank, US); FX via Ouribank (Brazil) | — |
| Northmill | traditional | Stockholm, SE | Custodial | Swedish banking licence (Finansinspektionen, since 2019) | — |
| NorthOne | traditional | New York, US | Custodial | Partner bank (The Bancorp Bank, N.A.); Mastercard business debit | — |
| Novo | traditional | Miami, US | Custodial | Partner bank (Middlesex Federal Savings, F.A.); Mastercard debit; credit card via Continental Bank | — |
| Nyla | traditional | Lagos, NG | Custodial | Partner banks — tech company, not a bank; launching in Ghana via a licensed commercial bank (Islamic window) | — |
| One Zero | traditional | Tel Aviv, IL | Custodial | Israeli banking licence | — |
| Oobit | web3-native | Singapore, SG | Self-custodial | Self-custodial software | — |
| Openbank | traditional | Madrid, ES | Custodial | Full banking licence within Santander Group (ECB/Bank of Spain); US via Santander Bank N.A. | — |
| Papara | traditional | Istanbul, TR | Custodial | E-money institution (CBRT, Turkey); licence revoked Oct 2025, reinstated under state trusteeship | — |
| Parpera | traditional | Sydney, AU | Custodial | AFSL authorised representative (MSC Advisory AFSL 480649); accounts issued by Wise Australia (AFSL 513764) | — |
| Pixpay | traditional | Paris, FR | Custodial | E-money distributor — agent of Treezor (ACPR-licensed EMI, Société Générale group); acquired by GoHenry/Acorns | — |
| Plata | traditional | Mexico City, MX | Custodial | Full Mexican bank licence (Banco Plata, Mar 2026); Colombia Compañía de Financiamiento authorized | — |
| Pockit | traditional | London, UK | Custodial | E-money via FCA-authorised EMIs (Modulr, PSI-Pay); owns Monese's EMI licence | — |
| Prex | traditional | Montevideo, UY | Custodial | E-money (UY/AR/PE) | — |
| Pride Bank | traditional | São Paulo, BR | Custodial | Not a bank; payment arrangement on Digital Banks' rails (BaaS, Brazil) | — |
| Purple | traditional | New York, US | Custodial | Partner bank (OMB Bank, Member FDIC); Mastercard debit issued by OMB Bank | — |
| Pyypl | traditional | Dubai, AE | Custodial | FSRA (ADGM) money services licence No. 170031; non-bank payment institution; also CBB Bahrain, AFSA Kazakhstan | — |
| Qik | traditional | Santo Domingo, DO | Custodial | Full banking licence (banco múltiple, Dominican Republic, Oct 2022; Grupo Popular) | — |
| Qonto | traditional | Paris, FR | Custodial | Payment institution (ACPR); pursuing credit licence | — |
| Rakuten Bank | traditional | Tokyo, JP | Custodial | Bank; Public (JP) | — |
| RedotPay | hybrid | Hong Kong, HK | Custodial | Hong Kong MSO, money lender + TCSP licences; VASP (RedotX UAB, Lithuania FCIS); MSB registrations (US/Canada) | — |
| Rho | traditional | New York, US | Custodial | Partner bank (Webster Bank, N.A.); savings swept across 400+ FDIC banks via ADM | — |
| Robinhood | hybrid | Menlo Park, US | Custodial | Broker-dealer + partner banks; state crypto licences | — |
| Rocker | traditional | Stockholm, SE | Custodial | Operates under Bankaktiebolaget Nordiska's Swedish banking licence (Finansinspektionen); own PI licence returned Sep 2025 | — |
| SadaPay | traditional | Karachi, PK | Custodial | E-money institution (EMI) licence from State Bank of Pakistan; owned by Papara | — |
| SafePal | web3-native | Singapore, SG | Self-custodial | Self-custodial software | — |
| Shine | traditional | Paris, FR | Custodial | Payment institution (ACPR n°71758, France); funds safeguarded at Société Générale | — |
| SoFi | traditional | San Francisco, US | Custodial | National bank charter (2022) | — |
| Stables | web3-native | Sydney, AU | Custodial | AFSL partners; Mastercard APAC program | — |
| Starling Bank | traditional | London, UK | Custodial | UK banking licence | — |
| Stori | traditional | Mexico City, MX | Custodial | Sofipo (MX) | — |
| Suits Me | traditional | Cheshire, UK | Custodial | E-money accounts issued by PrePay Technologies (FCA EMI, FRN 900010); Suits Me acts as agent/programme manager | — |
| T-Bank | traditional | Moscow, RU | Custodial | Russian banking licence | — |
| Tap Global | hybrid | London, UK | Custodial | Gibraltar DLT/VASP licence (GFSC, No. 25532); cards via Transact Payments EMI | — |
| TBC UZ | traditional | Tashkent, UZ | Custodial | Bank (TBC Group) | — |
| Telda | traditional | Cairo, EG | Custodial | CBE-regulated (Meeza) | — |
| Tenpo | traditional | Santiago, CL | Custodial | Preparing Chilean bank licence | — |
| Tide | traditional | London, UK | Custodial | E-money; deposits via ClearBank | — |
| Tinaba | traditional | Milan, IT | Custodial | Partner bank (Banca Profilo, Bank of Italy register no. 5271); Tinaba is the tech layer | — |
| Tonik | traditional | Manila, PH | Custodial | PH digital bank licence | — |
| TrueMoney | traditional | Bangkok, TH | Custodial | E-money licence (Bank of Thailand) via Ascend Money; local e-money/payments licences across 7 SEA markets | — |
| Ualá | traditional | Buenos Aires, AR | Custodial | Bank licences (AR via Wilobank, MX via ABC Capital) | — |
| UNO Digital Bank | traditional | Manila, PH | Custodial | PH digital bank licence | — |
| Up | traditional | Melbourne, AU | Custodial | On Bendigo & Adelaide Bank licence | — |
| Uphold | hybrid | New York, US | Custodial | FinCEN MSB + state money-transmitter licences (US); FCA-registered cryptoasset firm (UK) | — |
| UR | hybrid | — | Custodial | Swiss fintech banking licence (Art. 1b Banking Act, FINMA; SR Saphirstein AG); tokenized deposits | — |
| Uzum | traditional | Tashkent, UZ | Custodial | Bank licence (UZ) | — |
| Venmo | hybrid | New York, US | Custodial | PayPal's US state licences (money transmitter, NMLS 910457); crypto via NYDFS trust company PayPal Digital | — |
| Wealthsimple | traditional | Toronto, CA | Custodial | Broker-led: CIRO-registered investment dealer (WSII); cash held at CDIC member banks | — |
| WeFi | web3-native | — | Self-custodial | Self-custodial software | — |
| WeLab Bank | traditional | Hong Kong, HK | Custodial | HK virtual bank | — |
| Xapo Bank | hybrid | Gibraltar | Custodial | Gibraltar banking licence | — |
| XPlace | hybrid | Dubai, AE | Custodial | Self-custodial (non-custodial Solana smart contracts); cards issued via Rain (Signify Holdings) under Visa licence | — |
| xPortal | web3-native | Sibiu, RO | Self-custodial | Self-custodial software | — |
| YouTrip | traditional | Singapore, SG | Custodial | Major Payment Institution (MPI) licence from MAS, Singapore — e-money issuance; funds safeguarded at DBS/StanChart/UOB | — |
| Yuh | hybrid | Gland, CH | Custodial | On Swissquote's banking licence | — |
| Zempler Bank | traditional | London, UK | Custodial | Full UK banking licence (PRA/FCA, Feb 2021, ex-Cashplus); FSCS-protected | — |
| ZEN.com | traditional | Vilnius, LT | Custodial | E-money institution (Bank of Lithuania, LB000457, 2018) | — |
| Zolve | traditional | New York/Bengaluru | Custodial | Partner bank (Community Federal Savings Bank); deposits, debit and credit cards | — |
Common questions
Neobanks that issue a Mastercard: how many are there?
148 of the 368 neobanks tracked here are Mastercard neobanks. Every entry is verified active and listed on this page with its custody model, licence detail and the regions it serves.
Which are the biggest Mastercard neobanks?
By self-reported users, Nubank, Mercado Pago, OPay, Revolut and Banco Inter. Only 8 of these 148 disclose a user figure, so treat any ranking by size as partial rather than complete.
What does this category actually mean?
The network on the card is chosen by whoever issues it, which for most neobanks is a sponsor bank or a BIN sponsor rather than the brand on the app. Some products run both schemes depending on the market, so they appear on the Visa list too.
Related
Neobanks with no card of their own (60) · Neobanks that issue a Visa card (178) · Neobanks on domestic card networks (16)
go deeperFilter these live in the interactive directory, browse every cut of the dataset, or take the raw fields from data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.