Visa, Kuda partner to issue physical, virtual cards - Punch Newspapers (2024)

Kuda Technologies says it has partnered Visa, a leading global digital payment company, to offer digital and physical Visa cards to its customers.

A company statement said the move was aimed at driving the firm’s independent payment cards offering.

The statement read, “Kuda’s proposition of zero fees on cards, account maintenance and transfers as well as its low-interest credit offering delivered conveniently through smartphones and the web have made it particularly attractive to the millennials, and the bank now has almost two million customers in its launch country, Nigeria, where it operates as Kuda Microfinance Bank under a licence from the Central Bank of Nigeria.

The statement quoted the Chief Executive Officer, Kuda Technologies, Babs Ogundeyi, as saying, “Visa inspires confidence, and partnering with them to help us offer reliable card services independently has been one of our top priorities since Kuda launched in 2019. We’re proud that we’ve finally made this happen and we look forward to promoting cashless payments across Africa together.”

Also, the Country Manager, Visa Nigeria. Andrew Uaboi, was quoted as saying, “The rapid pace of technology innovation has driven a powerful shift in business and consumer expectations in financial services.”

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Visa, Kuda partner to issue physical, virtual cards - Punch Newspapers (2024)

FAQs

Does Kuda have physical card? ›

Request your card on the Kuda app.

You can pick up your card from us or we'll deliver it to you, no maintenance fee included!

Does Kuda issue virtual card? ›

Virtual cards are free to create on Kuda and they work online in Nigeria. Everyone is entitled to one virtual card.

How long does it take to get Kuda physical card? ›

We need at least two weeks (14 days, 336 hours) to print and deliver it to your address.

How much is Kuda physical card? ›

Kuda Bank Card

You can request a physical Visa debit card delivery to your address for free if you have at least 1,000 naira in your balance. You may use these cards anywhere online where Visa is accepted.

What is the difference between Kuda physical card and virtual card? ›

A virtual card is a credit card number, CVV code, and expiry date issued by a bank or credit card issuer. It's provided digitally to be used for shopping online. While you can use a physical card for in-person retail shopping and cash withdrawals, virtual cards are more temporary and digital.

How do I get a physical debit card? ›

You can usually call your bank's customer service line to request a debit card or to confirm if one has been mailed to your correct address. Request a card online. You may be able to get a debit card through your bank account's website or mobile app.

How to get Kuda dollar virtual card? ›

Get A Virtual Card
  1. Open Kuda and tap Card on the menu at the bottom of your screen.
  2. Tap Request A Card.
  3. Tap Get A Virtual Card.
  4. Confirm with your transaction PIN, fingerprint or Face ID.
  5. Create a PIN for your virtual card, confirm it then tap Next.
  6. Tap Okay.
Jun 16, 2022

How long does it take for Kuda virtual card to arrive? ›

Request for a Kuda Visa Debit Card Online

Your card will be delivered to the address in at least three weeks.

Can I use Kuda virtual card for international transactions? ›

Yes, you can. We've already put you on the priority list for international cards and you'll get your card right after current active card users get theirs.

Can I use Kuda virtual card to buy Bitcoin? ›

Yes, you need a wallet to complete any Bitcoin transaction.

Can I use Kuda virtual card to buy crypto? ›

In compliance with the applicable laws, Kuda does not deal in crypto currencies and does not facilitate payments for crypto currency transactions and other related transactions.

Does Kuda Bank have dollar card? ›

Sign up for Wallet by downloading the Wallet Mobile App to create an account. Click on Cards. Tap on Create Your card. Then fund your virtual dollar card on Kuda Bank.

Can I use Kuda without ID card? ›

Your Identity Documents

We ask everyone who opens a Kuda account to give us their BVN (Bank Verification Number) and a valid ID issued by the government (driver's license, voter's card, national ID card or NIN slip).

What is the limit on Kuda virtual card? ›

If your account is on Tier 3 (learn more here), you can set an amount from as low as 50,000 naira as your daily transfer limit.

What is Visa physical card? ›

Physical credit or debit cards are plastic cards issued to employees to use for company spending. This traditional purchasing card features the cardholder's name, card number, and a magnetic strip.

Which bank is Kuda under? ›

Central Bank of Nigeria | All Financial Institutions | KUDA MFB.

Does Kuda work with PayPal? ›

We also accept payment via PayPal.

What is a virtual card without a physical card? ›

A virtual card, sometimes called a temporary card number or anonymous card number, is a credit or debit card number that can be created through a website or mobile app, and does not come with a physical card. Virtual cards can be utilized for most online purchases to mask your personal and financial information.

How can I use my credit card without a physical card? ›

You can use a virtual credit card number just like you use your actual credit card number—just shop online, start the checkout process and use a virtual card number to make your purchase.

Do virtual cards have a CVV? ›

A virtual card is not a physical, plastic card. Instead, it is a set of sixteen digits similar to a credit card number together with a CVV code that is randomly generated using software.

Which bank provide instant physical debit card? ›

Union Bank of India issues Debit Card as part of ready kit at the time of account opening and the cards get activated after its first use for withdrawal at ATM. Existing account holders without debit cards can download and fill the form and submit it at the nearest branch to get a Debit card.

Which bank gives virtual debit card instantly? ›

Get a virtual debit card instantly from Zil, a cloud-based banking platform, and start using it as soon as you apply for it. Zil virtual cards are an easy way to spend more securely and safely.

What banks give you an instant virtual card? ›

Answer: Only three banks in the United States offer virtual credit cards to their customers. They are Citibank, Bank of America, and Capital One.

Does Binance accept Kuda virtual card? ›

Kuda On Binance

This means that anyone buying or selling cryptocurrency through P2P trading on Binance can choose to pay or receive payments with a Kuda account. The option for quick P2P payments.

Does AliExpress accept Kuda virtual card? ›

You can create a virtual card within the Paystack app and use it to make purchases on AliExpress. Kuda Bank: Kuda Bank is a digital bank that provides a virtual card service. You can crea.

Which Nigerian bank card can be used internationally? ›

INTERNATIONAL DEBIT CARDS
  • CARD TYPES.
  • FEATURES AND BENEFITS.
  • Acceptability: The FCMB International Debit Card is acceptable globally in over 210 countries, a payment solution used for making cash withdrawals, purchases and payments of goods and services in Nigeria and abroad across all channels (ATM, POS, Online)

Can I use Kuda virtual card to withdraw money? ›

Yes, you can withdraw cash at ATMs across Nigeria free of charge up to three times a month.

Can I use my virtual card before it arrives? ›

Yes. Many Capital One credit cards offer a service called Eno that lets you apply for virtual card numbers you can use right away.

How can I get a virtual debit card instantly? ›

Virtual Debit Card : Steps to Apply
  1. Login to bob World Mobile App.
  2. Go to cards Section.
  3. Select Virtual Debit Cards.
  4. Click on Register New Virtual Debit card.
  5. Select your Account Number & Card Variant.
  6. Choose Card validity Year and Month.
  7. Tick on the Confirmation box.

Where is Visa Virtual account accepted? ›

Virtual accounts

Visa Virtual Account can be used online everywhere Visa is accepted. Mastercard Virtual Account can be used online everywhere Mastercard is accepted.

Can Kuda Bank receive international transfer? ›

For Kuda to receive money from abroad, you would need to open a US dollar bank account, also known as a domiciliary account, with a traditional Nigerian bank. For that, you simply need to visit the branch to create an account and process a withdrawal.

Which countries use Kuda bank? ›

Kuda, also known as Kuda Technologies, is a fintech company operating in Nigeria and the UK.

Can Kuda bank be traced? ›

A Kuda bank account can be traced because the BVN usually contains your personal information like your date of birth, address and more. You can also Tap MORE on the Kuda bank app to chat with the customer service representative.

Which bank card can I use to buy crypto in Nigeria? ›

Debit cards are the greatest choice in this scenario. When buying Bitcoin in Nigeria, you can use a VISA or Mastercard Debit card and pay regular costs. Various cryptocurrency exchanges also offer the option to buy and sell Bitcoin through a bank transfer, a deposit in fiat currency, or an e-wallet.

Can I buy gift card with Kuda Bank? ›

To buy a gift card for yourself:

1. Sign in to your Kuda app, then tap Pay. 2. Tap Gift Cards.

Can Opay virtual card be used for international transactions? ›

This API allows you to accept payment from your customers' local cards (cards issued in Nigeria) or USD denominated international cards (USA, Canada, Europe and Australia).

How do I get a physical cash card? ›

To order yours:
  1. Tap the Cash Card tab on your Cash App home screen.
  2. Press Get Cash Card.
  3. Tap Continue.
  4. Follow the steps.

Why can't i request a Kuda card? ›

You'll need to have a minimum balance of 1,000 naira in your account to request the card but we will not debit your account or charge you for delivery.

Does Kuda Bank have debit card? ›

Parents will trust Kuda Bank to manage and monitor their teenager's spending. Teenagers will find the prepaid debit card convenient to use. Parents will find the prepaid debit card cost-effective compared to traditional bank accounts or credit cards.

How can I use my card without a physical card? ›

You can use a virtual credit card number just like you use your actual credit card number—just shop online, start the checkout process and use a virtual card number to make your purchase.

How can I use my debit card without a physical card? ›

A digital wallet 1 is a way to carry your credit and debit card information in a secure digital form on your mobile device (smartphone, smartwatch, tablet). Instead of using your physical plastic card to make purchases, a digital wallet allows you to pay in stores, in apps, or online.

Can you withdraw money without physical card? ›

You might be surprised to learn that you can withdraw cash from an ATM even without your debit card. This feature is known as a cardless ATM, and while not all ATMs have this feature, you can find those that do with many major banks.

How can I get cash without a physical credit card? ›

Withdrawing money using a cardless ATM
  1. Open your bank's app and choose the account you want to withdraw from.
  2. Tap your phone to the reader—or scan the QR code on the ATM.
  3. Verify the transaction for the ATM withdrawal.
  4. Take your cash.
Dec 12, 2022

Can you withdraw cash without a physical card? ›

Generally, no you cannot withdraw money from most ATMs without your card. There are some ATM locations with specific banks such as Chase, Wells Fargo, and Bank of America that offer cardless interactions on their ATMs, but this will depend on what's in your area.

What is the limit of Kuda virtual card? ›

The default daily transfer limit on your account is 1 million naira.

Is Kuda Bank only online? ›

With no physical branches, Kuda Bank gives users access to all of the features expected from a modern bank – including debit cards, savings accounts and investment options – but without any of the hassle associated with visiting a branch or waiting in line.

How long does it take to receive a Kuda virtual card? ›

Request for a Kuda Visa Debit Card Online

Your card will be delivered to the address in at least three weeks.

Which bank is connected to Kuda? ›

Is Kuda a registered bank? Yes, we have a microfinance banking license from the Central Bank of Nigeria. Our registration number is RC 796975.

Can I use Kuda Visa card for international payment? ›

Yes, you can. We've already put you on the priority list for international cards and you'll get your card right after current active card users get theirs.

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