Case Study: Monevium

DECTA Provides Card Issuing Solutions for Private and Corporate Customers

December 21, 2022

Monevium is an authorised payment institution, regulated by the FCA, based in London, UK. Their mission is to provide businesses with a straightforward and secure way to manage money. To achieve this, Monevium has put together a portfolio of online banking solutions, catered to businesses ranging from entrepreneurial startups to SMEs to enterprise level companies. 

During that process, partnership with DECTA has been instrumental in launching two of Monevium’s milestone products: the Monevium Card (launched in 2021) and the Business Card solution (scheduled for early 2023).

Monevium Card

In early 2021 Monevium was looking to launch a line of services based around payment card issuing and transaction handling. They chose to partner with DECTA, following advice by fellow fintechs that referred to a high level of service at an approachable price offered by the provider.


The main objectives were stated as follows:

  • Launch a white label card issuing solution under DECTA BIN sponsorship
  • Enable a comprehensive payment processing functionality


We developed a solution using the DECTA White Label Card Issuing service package as a foundation, which was further configured to address two main focus areas:


White label payment card issuing


Full DECTA API integration

  • Card issuing under BIN sponsorship program
  • Card ordering
  • Card personalization and PIN generation
  • Payment authorization
  • Card payment processing
  • Card transaction management
  • Transaction settlement
  • Full card lifecycle management
  • Fraud prevention
  • Card activation and blocking
  • Dispute management
  • Virtual card detail reminder
  • SMS and push notifications
  • PIN reminder
  • Card manufacturing using Monevium custom design
  • Reporting
  • Mastercard Identity Check
  • Client data update
  • Card delivery to cardholders


As a result, Monevium was able to launch the Monevium Card, a payment card solution accepted globally and issued under their own brand. The service was built to suit all major modern use cases, and to be easily bundled with other Monevium solutions, such as:

  • Free personal IBAN
  • Domestic and international payments
  • Proprietary iOS mobile app
  • as well as a number of upcoming features, including a Google Play app, multi-currency and multi-user accounts and a UK current account


As of 2022, the service is finding a growing audience among cardholders in the UK and parts of the EEA region, offering them a convenient way to pay for daily expenses, enjoy an FX rate of 1.99% while travelling, and use virtual cards for safe online purchases.

The Card program allows our customers to load their Monevium Card instantly from the IBAN and spend worldwide. The card is an absolute must-have that complements the domestic and international payments services we offer to our customers.
Alexey Stepanov - Managing Director at Monevium
Moving Forward

The launch of the Monevium Card has marked an important stage in the company's evolution. It attracted new opportunities and helped Monevium to move ahead with further developments: 

  • An iOS mobile app with integrated Monevium Card launched in 2022, with plans to roll out a Google Play app in early 2023.
  • Upgrades to the Monevium app’s customer-facing functionality to include features like: show card details, freeze / unfreeze card, get a plastic card PIN.
  • Increasing the number of correspondent banks
  • Expanding the team to include new key stakeholders, and building a brand new IT platform.
Corporate Cards

In 2022 Monevium began preparations for the launch of a corporate card solution that would allow them to:

  • Create a more complete service offering for business customers by closing the gap between various business account services
  • Provide their business customers with a corporate card for business expenses, reducing the need to open additional accounts elsewhere

Building on the success of our previous partnership, Monevium once again decided to trust DECTA with all the necessary development work, including updates to the existing API integration and implementing new business processes. 

Projected use cases might include paying for business travels, representative expenses, marketing, hosting etc., making the Monevium business card a highly applicable solution for a wide range of verticals, including:

  • Logistics businesses
  • Software development companies
  • Ecommerce merchants
  • Retail shops
  • Freelancers and self-employed professionals



As of Q4 2022, the project is in the final stages of development with the launch scheduled for Q1 2023.

In order to stay competitive in the online payments industry, it is crucial to be able to launch products quickly and ensure that they integrate well within the rest of your service portfolio. Our partnership with DECTA enabled us to do exactly that.
Alexey Stepanov - Managing Director at Monevium


Want to learn more? Visit our Card Issuing and Payment Processing services for more information, or contact us directly at