Individual and business account holders in the UK can now access the virtual debit cards, with a European rollout due in the next few weeks. The card is connected directly to the Xace payment account in the same way a traditional debit card would. Via the Xace app, account holders can issue new cards and cancel or renew them, pay in both GBP and EUR, and issue virtual debit cards to staff remotely.
The company also plans to launch physical cards for both UK and European account holders later in 2021.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now