Enfuce collaborates with Kvika Bank in Iceland

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In order to modernize its payment services, Kvika Bank has collaborated with Enfuce, capitalizing on the growing Card-as-a-Service (CaaS) trend.

The companies are also aiming to introduce a Visa credit card, integrate with Apple Pay and Google Pay, and relaunch the bank’s Aur app. Kvika Bank, a fully authorized bank in Iceland since 2002, purchased Icelandic FinTech company Aur in 2021 with the goal of providing mobile payments, consumer lending, and value-added services via the Aur app. Collaboration between Enfuce and Kvika Bank will encourage card use.

This collaboration comes after Enfuce received USD 45 million in Series C funding from the financial institution Vitruvian Partners.

Read More: Enfuce partners with Iceland’s Kvika Bank

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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