Issuer processing powerhouse Enfuce today announces the expansion of its E2 card to the UK, France and Germany, in collaboration with Mastercard. Offering debit and credit PANs in one card, E2 bolsters the company’s track record of delivering cutting-edge products that benefit both card issuers and customers.

The concept of a ‘combination card’ has become an industry standard in the Nordics, they are less prevalent across Europe . The E2 card, named for offering twice the payment capabilities of a traditional card, gives cardholders both credit and debit PANs in one card, providing simplicity, flexibility – and only one PIN to remember.

Cardholders can set their default payment depending on preference, and easily instantly switch between the two at the point of sale. This provides an alternative option to moving money between accounts, giving cardholders more control over their spending, and helping them avoid overdraft fees. Each application is linked to its own account, so funds will always be taken from the correct one. When it comes to digital wallets, cardholders also receive a frictionless experience with custom designs available for each card to avoid confusion. 

The E2 card gives Enfuce customers’ an edge over their competitors, with the dual-PAN removing the need to provide two cards. Aside from the added flexibility for customers, banks and innovators can cut their plastic consumption, by reducing the number of cards they manufacture, benefiting both users and the planet. The dual-PAN card also offers improved security to cardholders by letting them switch to credit payments when making a high-value purchase. 

Enfuce customers’ will also be able to design custom card products depending on cardholder needs, like custom limits and controls made in real-time, and help them increase cardholder loyalty by increasing flexibility and keeping up with changing consumer spending preferences in the credit and debit market.

Monika Liikamaa, Co-founder and Co-CEO of Enfuce says: “With double the powers of a traditional card, the E2 card is Enfuce’s trusted card programme expertise squared. Providing double the ease and double the power for cardholders across the UK and Europe, this launch is another step in our journey to deliver our commitment to bring Nordic innovation to the rest of the world.”  

Denise Johansson, Co-founder and Co-CEO of Enfuce says: “We believe that our 2-in-1 card could soon become an industry norm, as it has done in the Nordics. We’re proud to be able to answer a clear gap in the market for both banks and consumers, giving an added boost to the rich fintech ecosystem in the UK, France and Germany.” 

Andreas Spengel, Senior Vice President Market Development, Mastercard says; “Partnership is part of our DNA, and we are dedicated to collaborating with partners who share our vision of offering innovative payment solutions. Together with Enfuce, we are excited to provide cardholders across Europe and the UK with a seamless and convenient choice that combines the best of both debit and credit.”