Visa and Finnish payments processor Enfuce have announced an expansion to their existing partnership with the launch of mobility card solution Visa Fleet.
Enfuce previously partnered with Visa to enable card issuing for FinTechs.
Unlike traditional closed-loop cards used by most fleet operators worldwide, Enfuce said Visa Fleet is not restricted to specific fuel retailers or specific products like petrol or diesel and can be used at any location accepting Visa cards.
It added this not only enhances operational efficiency by enabling drivers to choose the most efficient routes and access optimal fuel prices but also provides “unmatched convenience with an all-in-one, fully integrated card”, accessible via both physical and digital wallets.
Enfuce said the mobile card would “revolutionise” fleet management across Europe, offering enhanced efficiency through “rich data and insights, cost reduction, and a crucial pivot toward sustainable transportation and mobility budgets”.
“Expanding access to financial tools and services is core to Visa’s purpose as we seek to uplift everyone everywhere,” commented Richard Campion, head of fleet and mobility at Visa. “We’re excited to continue our work with Enfuce, helping them deliver our mobility card solution to their customers across Europe as they work to revolutionise the fleet management space.”
News of the expanded partnership follows Enfuce closing an €8.5 million investment round which featured participation from Visa.
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