BIN sponsorship cards without the complexity

BIN sponsorship is the smart way to issue payment cards and grow your business, while avoiding the headaches of doing it yourself.

Firstly, what is a BIN sponsor?

A BIN sponsor is a financial institution that’s an existing principal member of a payment card scheme, such as Mastercard. As a member of the scheme, FINCI is able to “sponsor” your business, giving you access to a BIN (bank identification number). This allows you to offer financial products, without the need for a financial licence. Payment cards are a great first move.

Get revenue generating cards.

Offering payment cards to customers is good for business. You can incentivise customers to become more loyal. And reduce customer acquisition costs and improve lifetime value. Plus, how great would it be to put your branded debit card in every customer’s wallet? Every time they pay for something, your brand gets flashed to the world.

While avoiding the headaches.

But launching your own card programme alone is tricky. It’s technically challenging. It’s expensive. And there are many regulatory hoops to jump through. You’ll need to join the Mastercard scheme (after getting a financial licence). Then you need the infrastructure to actually handle payments. You need to create a cards team. And then run operations.

We offer financial companies a faster and more efficient way to start offering card services to their customers. We do all the technical and regulatory heavy lifting, so our clients can avoid all the pain, while gaining all the benefits of the business opportunities in front of them.
Mihails Kuznecovs FINCI CEO

BIN sponsorship is the fast-track to launching your own debit card.

Start offering your own branded physical and digital debit cards without the huge cost, complexity and hassle of doing it all yourself. As a principal member of Mastercard, we’ll help you get set up with your new BIN. And support you with all the technical, operational and legal demands.

Get there faster.

There are two paths: the slow and the fast. Doing it yourself on the slow path will take you about 6 to 12 months of work. That’s just to get set up with a payment card solution. You still have to launch and market your new card product to customers.

And speed matters. When there are market opportunities to grab, and your competitors are trying to beat you, waiting a year is a commercial disadvantage. With FINCI, we’ll have your card programme up and running within 1 to 3 months, slashing the time it takes.

Get there for less.

The slow way is also expensive. It will cost your company hundreds of thousands of euros to join the payment card scheme, to build out the technical infrastructure and to hire all the people you need to run the show (trust us, we know). Plus, the resources you focus on this are resources you can’t profitably use elsewhere. And if you move slowly, you might lose to your competition. BIN sponsorship offers you the most cost efficient route to launching a card program.

Get there the easy way.

The slow way is also the hard way. Instead of you doing all the hard miles, we do them for you. We handle the relationship with Mastercard. We set up the technical connection. And we engage with physical card manufacturers. We perform settlement and reconciliation. We monitor card fraud. We deal with regulatory compliance (KYC, AML etc). And everything else important required to set up and run your card programme.

More FINCI business services

  • Is your business underserved by financial services?

    When you rely on technology alone, exceptional service is not possible. You need the human touch for that...

    Learn more
  • Compliance: Playing the game by the rules

    On the surface, financial compliance and referring football matches might seem to be two completely separate jobs. But when you think about it...

    Learn more
  • Putting the service into financial services

    Technology is important, of course. In many ways technology makes financial services better for customers. But not everything can be solved through technology...

    Learn more
  • FINCI Launches Exclusive Interview Series

    In the inaugural video of the series, viewers will gain valuable insights from our senior leaders about how FINCI goes above and beyond to serve our customers...

    Learn more
  • FINCI wins the Fintech Innovator of the Year award

    FINCI has been awarded the Fintech Innovator of the Year award at this year’s Lithuanian Fintech Awards, held in Vilnius...

    Learn more
  • Money 20/20: Creating a stand to stand-out

    As with any major event like this, grabbing attention is key. The more potential partners, investors and customers we attract to our stand, the better...

    Learn more
  • Happy Holidays! Check out our new Christmas advert.

    We hope this magical commercial brings you a little joy and sparks the Christmas spirit. Thank you for joining us on this journey. We wish you a happy and ...

    Learn more
  • Co-branded debit cards for crypto and lending companies.

    Make it easy for your customers to spend their crypto funds or loans on everyday items.

    Learn more
  • FINCI now offers Google Pay! For faster, more secure payments.

    FINCI announced its integration with Google Pay, a mobile payment solution for Android phones. INCI’s mission is to make payments faster, easier and cheaper ...

    Learn more
  • Behind the scenes at Money 20/20

    Money 20/20 was an epic event. With hundreds of sponsor companies, tens of thousands in attendance and innovation everywhere you looked, it was a ...

    Learn more

Not yet joined the FINCI family?

Then open a personal account here (it takes about 5 mins). Then, if you need a business account, you can do that in just a few hours (it takes longer due to document verification steps, but is still way faster than with a traditional bank).

Personal Account

So fast, so easy.

No paperwork, no hidden fees, no hassle. Just 100% mobile banking that works beautifully.

Open an account in 5min

Business Account

So fast, so easy.

No paperwork, no hidden fees, no hassle. Just 100% mobile banking that works beautifully.