Swiss digital bank Alpian partners Visa for new debit card

Alpian, Switzerland’s first digital private bank, has partnered with Visa to roll out its new metal debit card across the country.

Alpian partners Visa

The digital bank’s debit card offering comes with a multi-currency account (CHF, EUR, GBP and USD) with real-time foreign exchange features and no handling fees, Alpian claims.

With the Visa partnership, Alpian’s debit card will be accepted in over 200 countries and more than 100 million merchant locations across the globe.

Alpian received a banking licence from Switzerland’s Financial Market Supervisory Authority (FINMA) in March 2022 and also raised $20 million (CHF 19 million) in a Series B+ funding round.

The banking start-up previously raised $18 million in a Series B round in 2021 and $12.6 million in a Series A round in 2020.

Incorporated in October 2019, Alpian was incubated by banking group REYL Intesa Sanpaolo. It’s been built to serve the needs of the country’s affluent population, giving clients access to a service normally reserved for those at a traditional private bank.

Alpian’s services are currently only available to select members of its waitlist, but the firm has plans for a full public rollout by the end of this year.