FINCI Selected by Narvi as BIN Sponsor
Vilnius, 08.07.2025 – Narvi, a regulated EMI based in Finland, has chosen FINCI as its BIN Sponsor to power its upcoming card programme. FINCI, a licensed EMI and principal Mastercard member in Lithuania, continues to expand its footprint in B2B card issuing across Europe.
Narvi sought FINCI's expertise to facilitate BIN Sponsorship for their corporate clientele. As part of this project, Narvi has requested a dedicated BIN from Mastercard specifically for their clients.
After an extensive evaluation of various BIN Sponsorship offers, considering project timelines and past card project experiences, Narvi chose FINCI for their competitive pricing and quick project turnaround.
Why not go direct? Direct scheme membership with Mastercard is costly, time-consuming, and complex. The process involves lengthy registration, substantial collateral requirements, and ongoing compliance tasks. FINCI, as a Principal Member of Mastercard, offers a streamlined approach that meets Narvi's needs efficiently, providing a project-ready solution within three months—an advantage over direct membership.
"Launching a card program demands timely execution, and FINCI’s track record proves they can deliver. Having a trusted partner to guide us from start to finish brings us peace of mind," said Krzysztof Kuchta, CTO of Narvi.
“We offer financial companies a faster and more efficient way to provide card services. We handle all the technical and regulatory challenges, allowing our clients to focus on leveraging the business opportunities ahead," said Mihails Kuznecovs, CEO of FINCI.
Looking ahead, Narvi plans to integrate seamless Apple Pay and Google Pay transactions for enhanced client convenience. They also aim to handle authorization internally, necessitating further integration with FINCI to support this functionality.
About Narvi
Narvi is a regulated Electronic Money Institution (EMI) based in Finland, with passporting rights across 29 European countries, allowing them to onboard clients from the EU/EEA and beyond. They support payments in EUR, USD, and GBP, with conversions to over 75 currencies. Narvi offers global payment solutions through SWIFT and various local methods such as PIX, ACH, and UPI. The company is also developing multi-currency IBANs for seamless international transactions, embodying Nordic trust and reliability in their fintech services.
About FINCI
FINCI, an Electronic Money Institution (EMI) regulated by the Central Bank of Lithuania, serves customers across 29 EEA countries. As a Principal Member of Mastercard and a participant in SWIFT, SEPA Instant, and Ripple payment networks, FINCI excels in providing comprehensive card programs and financial services. The company boasts a well-established correspondent bank network, facilitating reliable global transactions and extensive coverage. Its advanced Payment Agent Programme allows partners to offer diverse payment solutions, further strengthening the financial ecosystem.
Recognised for its innovation, FINCI won the Lithuanian Innovation Award in 2023 for introducing Ripple payments technology to the Baltic region. FINCI's expertise extends to creating tailored Co-Branded and BIN Sponsorship card programs.
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