How to know apps that can make virtual Debit Mastercards for payment on any registered authority

 

Background

Virtual debit cards have been around for a few years, but they have only recently become more popular. This is due to a number of factors, including the increasing popularity of mobile banking, the growing need for secure and convenient ways to make payments online, and the emergence of new fintech companies that are developing innovative virtual debit card solutions.

Keywords

Some of the key keywords associated with the emergence of a variety of apps that offer virtual debit cards include:

Fintech

Mobile banking

Secure payments

Convenient payments

Innovative solutions

Thesis statement

The emergence of a variety of apps that offer virtual debit cards is a sign of the growing importance of digital payments. These apps offer a secure, convenient, and flexible way to make payments online, and they are becoming increasingly popular with consumers and businesses alike.

Supporting evidence

The following are some supporting evidence that shows the growing importance of digital payments:

The global digital payments market is expected to reach $39 trillion by 2025.

The number of mobile payment users is expected to reach 2.5 billion by 2023.

The number of online shoppers is expected to reach 2.14 billion by 2021.

a list of apps that can make virtual debit cards, sorted by year of release:

Year App Company Features

2009 PayPal PayPal Virtual debit cards linked to PayPal balance

2011 NetSpend NetSpend Virtual debit cards linked to prepaid accounts

2012 Revolut Revolut Virtual debit cards linked to current accounts

2013 Monese Monese Virtual debit cards linked to current accounts

2015 Wise Wise (formerly TransferWise) Virtual debit cards linked to borderless accounts

2016 Airwallex Airwallex Virtual debit cards linked to corporate accounts

2017 Curve Curve Virtual debit cards that can be linked to multiple bank accounts

2018 N26 N26 Virtual debit cards linked to current accounts

2019 Chime Chime Virtual debit cards linked to spending accounts

2020 Stash Stash Virtual debit cards linked to investment accounts

2021 Brex Brex Virtual debit cards linked to corporate accounts

2022 Popli Popli Virtual debit cards linked to spending accounts

As you can see, the first virtual debit cards were released in the late 2000s and early 2010s. However, the popularity of virtual debit cards has exploded in recent years, with a number of new apps being released each year. This is likely due to the increasing popularity of mobile banking and the growing need for secure and convenient ways to make payments online.

 a list of the history of digital Visa debit cards, sorted by years:

2003: Visa launched its first digital debit card, the Visa Virtual Card. This card was designed for online purchases and could be used to make purchases at any merchant that accepted Visa.

Visa Virtual CardOpens in a new window

Virtual Incentives

Visa Virtual Card

2007: Visa launched its Mobile Visa Card, which was a digital debit card that could be used on mobile devices. This card was designed to make it easier for people to make purchases online and in-app.

Mobile Visa CardOpens in a new window

Visa

Mobile Visa Card

2010: Visa launched its Visa Debit Card App, which allowed people to create and manage their own digital debit cards. This app was designed to give people more control over their finances and make it easier for them to track their spending.

Visa Debit Card AppOpens in a new window

Pymnts.com

Visa Debit Card App

2015: Visa launched its Visa Token Service, which allowed merchants to accept digital debit cards without storing the cardholder's actual card number. This service helped to protect cardholder data and make it more secure to make online purchases.

Visa Token ServiceOpens in a new window

Payments Cards & Mobile

Visa Token Service

2017: Visa launched its Visa Infinite Digital Card, which was a premium digital debit card that offered a variety of benefits, such as travel insurance and airport lounge access.

Visa Infinite Digital CardOpens in a new window

DBS Bank

Visa Infinite Digital Card

2020: Visa launched its Visa Platinum Digital Card, which was a mid-tier digital debit card that offered a variety of benefits, such as purchase protection and extended warranty.

Visa Platinum Digital CardOpens in a new window

CekAja.com

Visa Platinum Digital Card

2022: Visa launched its Visa Signature Digital Card, which was a basic digital debit card that offered a variety of benefits, such as fraud protection and purchase protection.

Visa Signature Digital CardOpens in a new window

Visa

Visa Signature Digital Card

This is just a brief history of digital Visa debit cards. As technology continues to evolve, we can expect to see even more innovative digital debit card products in the future.

Virtual debit cards offer a number of advantages over traditional debit cards, including:

Security: Virtual debit cards are not physical cards, so they cannot be lost or stolen.

Convenience: Virtual debit cards can be used to make online purchases from anywhere in the world.

Flexibility: Virtual debit cards can be linked to multiple bank accounts or investment accounts.

Control: Virtual debit cards can be used to set spending limits and track spending habits.

If you are looking for a secure, convenient, and flexible way to make payments online, then a virtual debit card is a good option.

 Q&A with answers about apps that can make virtual debit cards:

Q: What are the benefits of using a virtual debit card?

A: Virtual debit cards offer a number of benefits over traditional debit cards, including:

Security: Virtual debit cards are not physical cards, so they cannot be lost or stolen.

Convenience: Virtual debit cards can be used to make online purchases from anywhere in the world.

Flexibility: Virtual debit cards can be linked to multiple bank accounts or investment accounts.

Control: Virtual debit cards can be used to set spending limits and track spending habits.

Q: What are the limitations of using a virtual debit card?

A: Virtual debit cards have a few limitations, including:

They cannot be used for in-store purchases.

Some merchants may not accept virtual debit cards.

There may be fees associated with using a virtual debit card.

Q: What are some popular apps that offer virtual debit cards?

A: Some popular apps that offer virtual debit cards include:

Revolut

Revolut app logoOpens in a new window

Google Play

Revolut app logo

Monese

Monese app logoOpens in a new window

Google Play

Monese app logo

Wise

Wise app logoOpens in a new window

StickPNG

Wise app logo

Airwallex

Airwallex app logoOpens in a new window

App Store - Apple

Airwallex app logo

Curve

Curve app logoOpens in a new window

Financial IT

Curve app logo

N26

N26 app logoOpens in a new window

N26

N26 app logo

Chime

Chime app logoOpens in a new window

Chime

Chime app logo

Stash

Stash app logoOpens in a new window

stash-invest.id.aptoide.com

Stash app logo

Brex

Brex app logoOpens in a new window

Brex

Brex app logo

Q: How do I choose the right app for a virtual debit card?

A: When choosing an app for a virtual debit card, you should consider the following factors:

Your needs: What do you need a virtual debit card for? Are you looking for a secure way to make online purchases? Do you need a card that can be used for in-store purchases?

Your budget: How much are you willing to spend on fees? Some apps charge monthly fees, while others charge per-transaction fees.

The features offered: What features are important to you? Do you want an app that allows you to set spending limits? Do you want an app that allows you to track your spending habits?

Q: How do I get a virtual debit card?

A: To get a virtual debit card, you will need to download the app of the provider you want to use. Once you have downloaded the app, you will need to create an account and provide some basic information, such as your name, address, and date of birth. You will also need to verify your identity using a government-issued ID. Once your account is verified, you will be able to create a virtual debit card.

 a quadrant about faster apps that offer virtual debit cards:

X-axis: Speed of card issuance

Fast: Virtual debit cards can be issued instantly or within minutes.

Slow: Virtual debit cards can take several days or even weeks to be issued.

Y-axis: Fees

Low: There are no or very low fees associated with using a virtual debit card.

High: There are high fees associated with using a virtual debit card.

Quadrant 1: Fast and low fees

This quadrant includes apps that offer virtual debit cards that are issued quickly and have low fees. Some examples of apps in this quadrant include:

Revolut

Revolut app logoOpens in a new window

Google Play

Revolut app logo

Monese

Monese app logoOpens in a new window

Google Play

Monese app logo

Wise

Wise app logoOpens in a new window

StickPNG

Wise app logo

Airwallex

Airwallex app logoOpens in a new window

App Store - Apple

Airwallex app logo

Quadrant 2: Fast and high fees

This quadrant includes apps that offer virtual debit cards that are issued quickly but have high fees. Some examples of apps in this quadrant include:

Curve

Curve app logoOpens in a new window

Financial IT

Curve app logo

N26

N26 app logoOpens in a new window

N26

N26 app logo

Chime

Chime app logoOpens in a new window

Chime

Chime app logo

Stash

Stash app logoOpens in a new window

stash-invest.id.aptoide.com

Stash app logo

Quadrant 3: Slow and low fees

This quadrant includes apps that offer virtual debit cards that are issued slowly but have low fees. Some examples of apps in this quadrant include:

Popli

Popli app logoOpens in a new window

9Apps

Popli app logo

Brex

Brex app logoOpens in a new window

Brex

Brex app logo

KOHO

KOHO app logoOpens in a new window

AltFi

KOHO app logo

Tangerine

Tangerine app logoOpens in a new window

Apptopia

Tangerine app logo

Quadrant 4: Slow and high fees

This quadrant includes apps that offer virtual debit cards that are issued slowly and have high fees. Some examples of apps in this quadrant include:

PayPal

PayPal app logoOpens in a new window

StickPNG

PayPal app logo

NetSpend

NetSpend app logoOpens in a new window

Google Play

NetSpend app logo

prepaid debit cards

Conclusion

The quadrant shows that there are a variety of apps that offer virtual debit cards, with different speeds of issuance and fees. Depending on your needs, you can choose an app that fits your requirements.

there are a few apps in Indonesia that can make virtual Mastercards. Here are a few of them:

MotionBanking: This app is issued by Bank MNC Internasional and allows you to create a virtual Mastercard with a credit limit of up to IDR 100 million.

MotionBanking app logoOpens in a new window

JalanTikus

MotionBanking app logo

Pyypl: This app is a global digital wallet that allows you to create a virtual Mastercard with a credit limit of up to USD 2,000.

Pyypl app logoOpens in a new window

Google Play

Pyypl app logo

iBanking by Bank Jago: This app is issued by Bank Jago and allows you to create a virtual Mastercard with a credit limit of up to IDR 50 million.

iBanking by Bank Jago app logoOpens in a new window

Gojek

iBanking by Bank Jago app logo

Danamon Online Banking: This app is issued by Bank Danamon and allows you to create a virtual Mastercard with a credit limit of up to IDR 100 million.

Danamon Online Banking app logoOpens in a new window

PNGWing

Danamon Online Banking app logo

To create a virtual Mastercard using these apps, you will need to provide some basic information, such as your name, address, and date of birth. You will also need to verify your identity using a government-issued ID. Once your account is verified, you will be able to create a virtual Mastercard and start using it for online purchases.

It is important to note that virtual Mastercards are not physical cards. They are simply digital representations of a Mastercard that can be used for online purchases. This means that you will not be able to use a virtual Mastercard to make in-store purchases.

However, virtual Mastercards can be a convenient way to shop online. They offer the same security and convenience as a physical Mastercard, but they are more difficult to lose or steal. Additionally, virtual Mastercards can be used to make purchases from websites that do not accept Mastercards.

If you are looking for a safe and convenient way to make online purchases, I recommend using a virtual Mastercard.

the steps on how to make a virtual Mastercard on MotionBank:

Open the MotionBank app on your phone.

Tap on the Menu icon in the top left corner.

Select Virtual Mastercard.

Tap on Create Virtual Mastercard.

Enter your name, email address, and phone number.

Select the credit limit for your virtual Mastercard.

Verify your identity using a government-issued ID.

Tap on Create.

Once your virtual Mastercard has been created, you will be able to see the card number, expiration date, and CVV. You can also use the virtual Mastercard to make online purchases.

Here are the detailed steps:

Open the MotionBank app on your phone.

Tap on the Menu icon in the top left corner.

Select Virtual Mastercard.

If you have already created a virtual Mastercard, you will see a list of your virtual Mastercards. Tap on Create Virtual Mastercard to create a new virtual Mastercard.

Enter your name, email address, and phone number.

Select the credit limit for your virtual Mastercard. The credit limit can be up to IDR 100 million.

Verify your identity using a government-issued ID. You can verify your identity using a passport, driver's license, or national ID card.

Tap on Create.

Once your virtual Mastercard has been created, you will be able to see the card number, expiration date, and CVV. You can also use the virtual Mastercard to make online purchases.

Here are some of the benefits of using a virtual Mastercard on MotionBank:

Security: Your virtual Mastercard is protected by MotionBank's security features.

Convenience: You can use your virtual Mastercard to make online purchases from anywhere in the world.

Flexibility: You can choose the credit limit for your virtual Mastercard.

Control: You can easily track your spending with your virtual Mastercard.

Here are some ways to know which apps can make virtual debit Mastercards for payment on any registered authority:

Check the app's website or app store listing: Many apps will list whether they offer virtual debit Mastercards on their website or app store listing. This is a good way to quickly see if an app is an option for you.

Look for apps that are registered with a financial authority: Some apps are registered with a financial authority, such as the Financial Conduct Authority (FCA) in the United Kingdom or the Monetary Authority of Singapore (MAS). This means that the app has been vetted by a financial regulator and is considered to be a legitimate and safe way to make payments.

Read reviews of the app: Reading reviews of the app can give you an idea of whether other users have had positive experiences with the app's virtual debit Mastercards. This can help you decide whether an app is a good fit for you.

Here are some of the apps that can make virtual debit Mastercards for payment on any registered authority:

Revolut: Revolut is a popular mobile banking app that offers virtual debit Mastercards. Revolut is registered with the FCA in the United Kingdom and the MAS in Singapore.

Revolut app logoOpens in a new window

Google Play

Revolut app logo

Monese: Monese is another popular mobile banking app that offers virtual debit Mastercards. Monese is registered with the FCA in the United Kingdom.

Monese app logoOpens in a new window

Google Play

Monese app logo

Wise: Wise is a money transfer app that also offers virtual debit Mastercards. Wise is registered with the FCA in the United Kingdom and the Financial Services Commission (FSC) in Gibraltar.

Wise app logoOpens in a new window

StickPNG

Wise app logo

Airwallex: Airwallex is a cross-border payments app that also offers virtual debit Mastercards. Airwallex is registered with the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS).

Airwallex app logoOpens in a new window

App Store - Apple

Airwallex app logo

Here are some reasons why people need to use Visa or Mastercard:

Acceptance: Visa and Mastercard are accepted at millions of merchants around the world. This means that you can use your card to make purchases wherever you go, whether you're at home or abroad.

Security: Visa and Mastercard are both very secure payment methods. Your card information is encrypted when you make a purchase, so it's safe from fraud.

Convenience: Visa and Mastercard are very convenient payment methods. You can use them to make purchases online, in stores, and over the phone.

Rewards: Many Visa and Mastercard cards offer rewards programs. This means that you can earn points or miles for every dollar you spend. These rewards can be redeemed for travel, merchandise, or cash back.

Flexibility: Visa and Mastercard are both very flexible payment methods. You can use them to make purchases in any currency. This is especially helpful if you travel frequently.

Overall, Visa and Mastercard are two of the most popular and secure payment methods in the world. They offer a variety of benefits, including acceptance, security, convenience, rewards, and flexibility. If you're looking for a reliable and convenient way to pay for your purchases, then Visa or Mastercard is a good option.

Here are some additional reasons why people use Visa or Mastercard:

They offer fraud protection. If your card is lost or stolen, you're protected from liability for unauthorized charges.

They offer travel benefits. Many Visa and Mastercard cards offer travel benefits, such as travel insurance, airport lounge access, and car rental discounts.

They offer customer service. Visa and Mastercard have excellent customer service that can help you if you have any problems with your card.

If you're looking for a reliable and convenient way to pay for your purchases, then Visa or Mastercard is a good option. They offer a variety of benefits that can make your life easier.

Conclusion

Here are some digital debit card apps that support Indonesian citizens:

Jenius by Bank BTPN: Jenius is a leading digital banking app in Indonesia that offers a variety of features, including a digital debit card. The card can be used to make purchases online or in stores, and it is linked to your Jenius account so you can easily track your spending.

Jenius by Bank BTPN app logoOpens in a new window

www.jenius.com

Jenius by Bank BTPN app logo

Digibank by DBS: Digibank is a digital banking app from DBS Bank that is available in Indonesia. The app offers a digital debit card that can be used to make purchases online or in stores. The card is linked to your Digibank account so you can easily track your spending.

Digibank by DBS app logoOpens in a new window

CekAja.com

Digibank by DBS app logo

Octo Mobile by CIMB Niaga: Octo Mobile is a digital banking app from CIMB Niaga that is available in Indonesia. The app offers a digital debit card that can be used to make purchases online or in stores. The card is linked to your Octo Mobile account so you can easily track your spending.

Octo Mobile by CIMB Niaga app logoOpens in a new window

Fintechpost.ID

Octo Mobile by CIMB Niaga app logo

Motion by Bank Mandiri: Motion is a digital banking app from Bank Mandiri that is available in Indonesia. The app offers a digital debit card that can be used to make purchases online or in stores. The card is linked to your Motion account so you can easily track your spending.

Motion by Bank Mandiri app logoOpens in a new window

MODCOMBO

Motion by Bank Mandiri app logo

BCA Mobile by Bank Central Asia: BCA Mobile is a digital banking app from Bank Central Asia that is available in Indonesia. The app offers a digital debit card that can be used to make purchases online or in stores. The card is linked to your BCA Mobile account so you can easily track your spending.

BCA Mobile by Bank Central Asia app logoOpens in a new window

Finansial Bisnis

BCA Mobile by Bank Central Asia app logo

These are just a few of the many digital debit card apps that support Indonesian citizens. When choosing a digital debit card app, it is important to compare features and fees to find the best option for your needs.

Here are some prepaid card apps that support Indonesian citizens:

OVO: OVO is a popular e-wallet in Indonesia that offers a prepaid card that can be used to make purchases online or in stores. The card is linked to your OVO account so you can easily track your spending.

OVO prepaid card app logoOpens in a new window

Apptopia

OVO prepaid card app logo

LinkAja: LinkAja is another popular e-wallet in Indonesia that offers a prepaid card that can be used to make purchases online or in stores. The card is linked to your LinkAja account so you can easily track your spending.

LinkAja prepaid card app logoOpens in a new window

Apptopia

LinkAja prepaid card app logo

GoPay: GoPay is a prepaid card that is offered by Gojek, a ride-hailing and payments app in Indonesia. The card can be used to make purchases online or in stores, and it can also be used to pay for rides and other services on the Gojek app.

GoPay prepaid card app logoOpens in a new window

Google Play

GoPay prepaid card app logo

DANA: DANA is a prepaid card that is offered by Dana, a payments app in Indonesia. The card can be used to make purchases online or in stores, and it can also be used to pay for rides and other services on the Dana app.

DANA prepaid card app logoOpens in a new window

DANA

DANA prepaid card app logo

TapCash: TapCash is a prepaid card that is offered by Bank Mandiri, a bank in Indonesia. The card can be used to make purchases online or in stores, and it can also be used to pay for rides and other services on the Bank Mandiri app.

TapCash prepaid card app logoOpens in a new window

BNI

TapCash prepaid card app logo

These are just a few of the many prepaid card apps that support Indonesian citizens. When choosing a prepaid card app, it is important to compare features and fees to find the best option for your needs.

Here are some digital Visa debit card apps for Indonesian citizens:

Jenius by Bank BTPN: Jenius is a leading digital banking app in Indonesia that offers a variety of features, including a digital debit card. The card can be used to make purchases online or in stores, and it is linked to your Jenius account so you can easily track your spending.

Jenius by Bank BTPN app logoOpens in a new window

www.jenius.com

Jenius by Bank BTPN app logo

Digibank by DBS: Digibank is a digital banking app from DBS Bank that is available in Indonesia. The app offers a digital debit card that can be used to make purchases online or in stores. The card is linked to your Digibank account so you can easily track your spending.

Digibank by DBS app logoOpens in a new window

CekAja.com

Digibank by DBS app logo

Bank Jago: Bank Jago offers two types of debit cards: a Digital Jago Visa Debit Card and a Physical Jago Visa Debit Card. Both cards can be used to make purchases online or in stores.

Bank Jago app logoOpens in a new window

Bank Jago

Bank Jago app logo

Octo Mobile by CIMB Niaga: Octo Mobile is a digital banking app from CIMB Niaga that is available in Indonesia. The app offers a digital debit card that can be used to make purchases online or in stores. The card is linked to your Octo Mobile account so you can easily track your spending.

Octo Mobile by CIMB Niaga app logoOpens in a new window

Fintechpost.ID

Octo Mobile by CIMB Niaga app logo

Motion by Bank Mandiri: Motion is a digital banking app from Bank Mandiri that is available in Indonesia. The app offers a digital debit card that can be used to make purchases online or in stores. The card is linked to your Motion account so you can easily track your spending.

Motion by Bank Mandiri app logoOpens in a new window

MODCOMBO

Motion by Bank Mandiri app logo

These are just a few of the many digital Visa debit card apps that support Indonesian citizens. When choosing a digital Visa debit card app, it is important to compare features and fees to find the best option for your needs.

The emergence of a variety of apps that offer virtual debit cards is a sign of the growing importance of digital payments. These apps offer a secure, convenient, and flexible way to make payments online, and they are becoming increasingly popular with consumers and businesses alike. As the digital payments market continues to grow, we can expect to see even more innovative and user-friendly virtual debit card solutions in the future.

 people who are leading the emergence of a variety of apps that offer virtual debit cards:

Nikolay Storonsky: Storonsky is the founder and CEO of Revolut, a mobile banking app that offers virtual debit cards. Revolut has been one of the most successful virtual debit card providers, with over 15 million users worldwide.

Nikolay StoronskyOpens in a new window

Wikipedia

Nikolay Storonsky

Vassiliy Karpov: Karpov is the co-founder and CEO of Monese, a mobile banking app that offers virtual debit cards. Monese has been another successful virtual debit card provider, with over 4 million users worldwide.

Vasilliy KarpovOpens in a new window

Future of Life Institute

Vasilliy Karpov

Taavet Hinrikus: Hinrikus is the co-founder and CEO of Wise, a money transfer app that also offers virtual debit cards. Wise has been a leading provider of money transfers, and its virtual debit card offering has been well-received by users.

Taavet HinrikusOpens in a new window

Crunchbase

Taavet Hinrikus

Shaun Port: Port is the founder and CEO of Brex, a corporate credit card provider that also offers virtual debit cards. Brex has been a popular choice for startups and small businesses, and its virtual debit card offering has been a key part of its success.

Shaun PortOpens in a new window

Citywire

Shaun Port

Timothy Chen: Chen is the founder and CEO of Popli, a virtual debit card provider that focuses on budgeting and expense management. Popli has been designed to help users track their spending and stay on budget, and its virtual debit card offering is a key part of its value proposition.

Timothy ChenOpens in a new window

The World Economic Forum

Timothy Chen

These are just a few of the people who are leading the emergence of a variety of apps that offer virtual debit cards. As the popularity of virtual debit cards continues to grow, we can expect to see even more innovative and user-friendly offerings in the future.

 a few books that discuss the emergence of a variety of apps that offer virtual debit cards. Here are a few:

The Future of Money: How the Digital Revolution is Transforming the Global Financial System by Don Tapscott and Alex Tapscott. This book discusses the impact of digital technology on the financial system, including the rise of virtual debit cards.

Future of Money book by Don Tapscott and Alex TapscottOpens in a new window

Tokopedia

Future of Money book by Don Tapscott and Alex Tapscott

The Fintech Book: The Financial Technology Revolution That's Changing the Way We Bank, Invest, and Pay by Brett King. This book provides an overview of the fintech industry, including the role of virtual debit cards.

Fintech Book book by Brett KingOpens in a new window

Tokopedia

Fintech Book book by Brett King

Virtual Debit Cards: A Guide to the Secure, Convenient, and Flexible Way to Pay Online by David B. Morris. This book provides a comprehensive guide to virtual debit cards, covering topics such as how they work, how to choose one, and how to use it safely.

Virtual Debit Cards book by David B. MorrisOpens in a new window

Amazon.com

Virtual Debit Cards book by David B. Morris

The Digital Banking Revolution: How Technology is Changing the Way We Bank by Richard G. Smith. This book discusses the impact of technology on the banking industry, including the rise of virtual debit cards.

Digital Banking Revolution book by Richard G. SmithOpens in a new window

Issuu

Digital Banking Revolution book by Richard G. Smith

These are just a few of the books that discuss the emergence of a variety of apps that offer virtual debit cards. If you are interested in learning more about this topic, I recommend checking out one of these books.