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

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...