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August 1, 2019

Mezu launches Mastercard-backed digital debit card

Mobile payments app Mezu has launched a digital debit card in collaboration with Mastercard.

The new offering, MezuCard, is issued by Community Federal Savings Bank (CFSB).

Cardholders can use the card in the US as well as internationally for making purchases from anywhere Mastercard is accepted.

The new card can be activated through the Mezu app. It offers integration with Apple Pay, Google Pay and Samsung Pay for making in-store merchant purchases.

Mezu co-founder, CEO and president Yuval Brisker said: “By launching a digital-only debit card, we’re making good on our commitment to provide the most payment options on the most private payment platform available today.

“Mezu doesn’t ask its customers to sacrifice privacy in the name of convenience, or convenience for the sake of privacy.

“We believe users should have it all and with the MezuCard launch, it’s never been easier to make payments anywhere in the world, easily, securely and privately.”

A private payments app, Mezu enables users to pay anyone without divulging any personal information.

In the US, Mezu is available on iOS and Android platforms.

Mastercard executive vice-president of digital partnerships Sherri Haymond said: “Alongside an unparalleled commitment to consumers’ privacy our joint goal is to provide consumers with frictionless convenience, no matter where they are in the world.

“We’re looking forward to expanding this relationship to provide the Mezu community buying power anywhere Mastercard is accepted around the world.”

Recently, the UK’s largest building society Nationwide announced plans to issue Mastercard debit cards.

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