Case Study: Currensea achieves pioneering UK debit travel card success with Thredd

Currensea grows volumes 3x with Thredd

Currensea, a UK-based company, aimed to become the country's first issuer of a debit travel card. Their primary challenge was creating a card solution that complied with the European Commission's regulation requiring debit cards to be separate from the underlying payment account, all without an existing blueprint. They needed an agile partner with deep payment technology expertise, which they found in Thredd.

Thredd provided its issuer processing services and expertise to help Currensea navigate the complex regulatory framework and launch their FCA-authorised card. The solution enabled Currensea to offer a travel card with highly competitive exchange rates and no hidden fees. As a result, Currensea achieved a successful rollout, with transaction volumes in 2023 being three times higher than in 2022. The partnership with Thredd also led to the development of additional initiatives, including a pilot for a new financial inclusion product.

Currensea