Case Study: DECTA Enables Payment Card Issuing and Processing for Monevium
Monevium is a London-based digital banking institution. Their goal is to deliver a straightforward and secure way to manage money via online banking and a range of payment card solutions. Their service offering is catered to a wide range of customers, from individual clients to enterprise-level businesses.
In early 2021 Monevium partnered with DECTA to launch a new line of services centered around payment card issuing and transaction handling.
The main objectives of the partnership included:
White label card issuing under BIN sponsorship
Comprehensive payment processing functionality
After evaluating the requirements, we saw that our standard service package under DECTA White Label Card Issuing Solution was sufficient to meet all of the project’s needs.
Thus, we developed an approach based on two main focus areas:
DECTA is a principal member of Mastercard and a holder of a card issuing license under the Mastercard scheme.
After working with DECTA Monevium was able to introduce the Monevium Card - a payment card accepted globally, created with the modern application scenarios in mind, and issued under their own brand.
Operating in the online payments industry, in order to stay competitive it is crucial to be able to launch products quickly and ensure that they integrate well within the overall service portfolio, and our partnership with DECTA enabled us to do just that. Our new Monevium Card closed a gap in our product offering and became one of its cornerstones, allowing our business to take a significant leap forward.
