#South Korea #Seoul #Crypto Card #Mastercard #Bankees Foundation

Bankees Foundation Partners with Mastercard for a Global Crypto Prepaid Card

In a significant step towards integrating cryptocurrency for everyday use, Bankees Foundation has officially partnered with Mastercard to launch its crypto-rechargeable prepaid cards. The agreement, finalized in March 2025, marks a milestone for the company, previously known as Nexfin, solidifying its commitment to make digital payments more accessible.

Expansion Plans

The launch will see the cards available across numerous global markets, notably excluding the United States and Japan initially. The service targets regions including South Korea, Southeast Asia, Taiwan, Hong Kong, various European countries, South America, Canada, and Australia. Plans are already in motion for a potential entry into the U.S. and Japan by 2026, contingent on further regulatory assessments and compliance requirements.

Under the new agreement, Bankees Foundation has gained the autonomy to design and produce its own branded cards. The first generation of cards will feature five distinct designs, all adhering to Mastercard's rigorous regulatory standards, which include crucial Know Your Customer (KYC) verification processes.

Unique Features and Offerings

One of the exciting upcoming offerings is a Platinum-tier card, developed in collaboration with Visa, which signifies a rare dual-network partnership in the prepaid crypto space. This innovative strategy aims to cater to a diverse user base, including individuals in regions with significant unbanked populations. Bankees intends to roll out a basic version of the card with simplified application processes, expanding digital payment access to those typically left behind in the financial system.

As part of its rebranding effort, Bankees has embraced a vibrant, youthful identity designed to resonate with the MZ generation. This fresh branding effort includes the introduction of a unique character IP aimed at enhancing user engagement and relatability with the brand.

Upcoming Launches and Events

In conjunction with these innovations, Bankees will be launching its official website, a detailed whitepaper, its token issuance, and the results of technical audits, all set to go live by the end of May 2025. To further promote its initiatives, Bankees leadership is slated to participate in the highly-anticipated DNA HOUSE event—a prestigious global blockchain gathering hosted by Tether's co-founder—scheduled for late June 2025.

Conclusion

This partnership with Mastercard represents a forward-thinking approach by the Bankees Foundation, aiming not only to expand its footprint in the global market but also to foster inclusivity in financial services through crypto-rechargeable prepaid cards. As the world heads towards a more digital economy, initiatives like these can pave the way for more adaptive and inclusive financial solutions that cater to diverse populations around the globe.