Neobanks that issue a Mastercard
short answer150 of the 382 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 150 are listed below with custody, license 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 150 Mastercard neobanks
| neobank | type | hq | custody | license / structure | reported users |
|---|---|---|---|---|---|
| Nubank | traditional | São Paulo, BR | Custodial | Bank licenses BR/MX/CO; US products on Lead Bank while its conditional OCC charter (Jan 2026) is organised | 139M customers (Q2 2026) |
| Mercado Pago | hybrid | Buenos Aires, AR | Custodial | Payment/fintech licenses region-wide; pursuing MX bank license | 78M MAU (2025) |
| OPay | traditional | Lagos, NG | Custodial | Payment licenses (NG) | 60M users (2024) |
| Revolut | hybrid | London, UK | Custodial | UK banking license (2024); EU license (Lithuania) | 50M customers (2025) |
| Banco Inter | traditional | Belo Horizonte, BR | Custodial | Bank; Public (INTR) | 35M clients (2025) |
| PalmPay | traditional | Lagos, NG | Custodial | Mobile money license (NG) | 35M users (2025) |
| Wise | traditional | London, UK | Custodial | E-money/payment licenses globally | 19M customers (FY26) |
| Monzo | traditional | London, UK | Custodial | UK banking license | 12M customers (2025) |
| Airtel Payments Bank | traditional | Delhi, IN | Custodial | Payments bank license (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 license (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 license (PRA/FCA authorised) | — |
| Allo Bank | traditional | Jakarta, ID | Custodial | Bank (OJK); CT Corp | — |
| Ally Bank | traditional | Detroit, US | Custodial | National bank charter | — |
| AMP Bank GO | traditional | Sydney, AU | Custodial | Australian ADI (AMP Bank Limited) | — |
| ANNA Money | traditional | Cardiff, UK | Custodial | E-money | — |
| Bank Zero | traditional | Johannesburg, ZA | Custodial | Mutual bank license (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 licenses | — |
| Bitso | hybrid | Mexico City, MX | Custodial | IFPE (MX) + regional VASP licenses | — |
| 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 license (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 license | — |
| Bybit Card | hybrid | Dubai, AE | Custodial | VARA (Dubai) + regional | — |
| C24 Bank | traditional | Frankfurt, DE | Custodial | Full German banking license (BaFin); CHECK24 subsidiary | — |
| C6 Bank | traditional | São Paulo, BR | Custodial | Bank license (BCB) | — |
| Casas Bahia Pay | traditional | São Paulo, BR | Custodial | Banco Central-authorised e-money issuer (Banqi Instituição de Pagamento Ltda); prepaid Mastercard; loans via group credit fintech BNQI SCD | — |
| 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) | — |
| Cuenca | traditional | Mexico City, MX | Custodial | IFPE license (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 license (Fondea Technologies S.F.P., CNBV Mexico, ex-Apoyo Múltiple); Prosofipo deposit insurance | — |
| Fortuneo | traditional | Brest, FR | Custodial | Crédit Mutuel Arkéa banking license (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 license (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) license (MAS Singapore, PS20200167); e-money issuer | — |
| Greenlight | traditional | Atlanta, US | Custodial | Partner bank (Community Federal) | — |
| Greenwood | traditional | Tulsa, 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 license (BNM); Grab-led | — |
| Hey Banco | traditional | Monterrey, MX | Custodial | Own Mexican banking license (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 license | — |
| Indy | traditional | Lyon, FR | Custodial | Accounts via Swan, ACPR-licensed e-money institution (France); French IBAN | — |
| isybank | traditional | Milan, IT | Custodial | Own Italian banking license (Intesa Sanpaolo group; ECB/Banca d'Italia supervised) | — |
| Kaspi | traditional | Almaty, KZ | Custodial | Kazakh banking license | — |
| Kit | traditional | Sydney, AU | Custodial | On CBA rails | — |
| Klar | traditional | Mexico City, MX | Custodial | SOFIPO license (CNBV, Mexico); acquiring Bineo for its bank license, approvals pending | — |
| KOHO | traditional | Toronto, CA | Custodial | Pursuing Schedule 1 bank license | — |
| Kolo | hybrid | — | Custodial | AIFC FinTech Lab license (Kazakhstan) + Polish VASP; cards issued by Banco Popular de Puerto Rico | — |
| Krak | hybrid | San Francisco, US | Custodial | US state licenses; MiCA (EU) | — |
| Kroo | traditional | London, UK | Custodial | UK banking license | — |
| LINE Bank TW | traditional | Taipei, TW | Custodial | Virtual bank license (TW FSC) | — |
| Mercury | traditional | San Francisco, US | Custodial | Partner banks (Choice, Column); previously Evolve Bank & Trust, left 2024 | — |
| MetaMask | web3-native | Consensys (global) | Self-custodial | Self-custodial software — no banking license 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 licenses (NG) | — |
| Monobank | traditional | Kyiv, UA | Custodial | Operates on Universal Bank license | — |
| Movii | traditional | Bogotá, CO | Custodial | SEDPE e-money license (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 license approval (UAE, Nov 2025) | — |
| N26 | traditional | Berlin, DE | Custodial | German banking license | — |
| 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 license, 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 license (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 license | — |
| Oobit | web3-native | Singapore, SG | Self-custodial | Self-custodial software | — |
| Openbank | traditional | Madrid, ES | Custodial | Full banking license within Santander Group (ECB/Bank of Spain); US via Santander Bank N.A. | — |
| Papara | traditional | Istanbul, TR | Custodial | E-money institution (CBRT, Turkey); license 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 license (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 license | — |
| 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 license No. 170031; non-bank payment institution; also CBB Bahrain, AFSA Kazakhstan | — |
| Qik | traditional | Santo Domingo, DO | Custodial | Full banking license (banco múltiple, Dominican Republic, Oct 2022; Grupo Popular) | — |
| Qonto | traditional | Paris, FR | Custodial | Payment institution (ACPR); pursuing credit license | — |
| Rakuten Bank | traditional | Tokyo, JP | Custodial | Bank; Public (JP) | — |
| RedotPay | hybrid | Hong Kong, HK | Custodial | Hong Kong MSO, money lender + TCSP licenses; 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 licenses | — |
| Rocker | traditional | Stockholm, SE | Custodial | Operates under Bankaktiebolaget Nordiska's Swedish banking license (Finansinspektionen); own PI license returned Sep 2025 | — |
| SadaPay | traditional | Karachi, PK | Custodial | E-money institution (EMI) license 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 license | — |
| 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 license | — |
| Takenos | hybrid | Buenos Aires, AR | Custodial | Fintech; stablecoin wallet on partner rails | — |
| Tap Global | hybrid | London, UK | Custodial | Gibraltar DLT/VASP license (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 license | — |
| 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 license | — |
| TrueMoney | traditional | Bangkok, TH | Custodial | E-money license (Bank of Thailand) via Ascend Money; local e-money/payments licenses across 7 SEA markets | — |
| Ualá | traditional | Buenos Aires, AR | Custodial | Bank licenses (AR via Wilobank, MX via ABC Capital) | — |
| UNO Digital Bank | traditional | Manila, PH | Custodial | PH digital bank license | — |
| Up | traditional | Melbourne, AU | Custodial | On Bendigo & Adelaide Bank license | — |
| Uphold | hybrid | New York, US | Custodial | FinCEN MSB + state money-transmitter licenses (US); FCA-registered cryptoasset firm (UK) | — |
| UR | hybrid | — | Custodial | Swiss fintech banking license (Art. 1b Banking Act, FINMA; SR Saphirstein AG); tokenized deposits | — |
| Uzum | traditional | Tashkent, UZ | Custodial | Bank license (UZ) | — |
| Venmo | hybrid | New York, US | Custodial | PayPal's US state licenses (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 license | — |
| XPlace | hybrid | Dubai, AE | Custodial | Self-custodial (non-custodial Solana smart contracts); cards issued via Rain (Signify Holdings) under Visa license | — |
| xPortal | web3-native | Sibiu, RO | Self-custodial | Self-custodial software | — |
| YouTrip | traditional | Singapore, SG | Custodial | Major Payment Institution (MPI) license from MAS, Singapore — e-money issuance; funds safeguarded at DBS/StanChart/UOB | — |
| Yuh | hybrid | Gland, CH | Custodial | On Swissquote's banking license | — |
| Zempler Bank | traditional | London, UK | Custodial | Full UK banking license (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?
150 of the 382 neobanks tracked here are Mastercard neobanks. Every entry is verified active and listed on this page with its custody model, license 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 150 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 (66) · Neobanks that issue a Visa card (185) · 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.