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Sunday, October 26, 2025

Elfin: Launches payments card

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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.

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
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