Saldo Bank taps Enfuce to launch its first payment card programme

Partnership: Saldo Bank, based in Vilnius, Lithuania, has partnered with Enfuce, a Finnish issuer processor, to launch its first payment card programme.
Card Details: Enfuce will deliver over 60,000 custom-built Visa credit and debit cards, available in physical, virtual, and tokenised formats.
Features: The programme includes real-time onboarding and credit scoring, enabling fully automated card issuance.
Launch Market: The programme is live in Finland, where Saldo has around 40,000 customers for loan and deposit products since entering the market in October 2023.
Customer Benefits: The cards allow customers, including those using revolving credit or needing a credit line, to manage finances easily, eliminating the need for fund transfers between institutions.
Expansion: Saldo Bank also operates in Lithuania and Sweden, offering loans, term deposits, and revolving credit in these markets.
Strategic Growth: According to Saldo CEO Jarkko Mäensivu, the card programme supports the bank’s growth by expanding its product range and customer base.