KemyCard is a fintech platform that provides access to virtual and physical payment cards through licensed banking partners. The service is built around reloadable cards that can be funded via crypto or mobile money, allowing users to create cards quickly, add value through top-ups, and spend at merchants that accept Visa or Mastercard. KemyCard states it is not a bank, and that banking services and card issuance are handled by authorized partners under applicable network licenses.
Overview
KemyCard offers two primary card products, a virtual card designed for online purchases and a physical NFC-enabled card designed for both in-store and online use. Both products are marketed with card management controls in a user dashboard, including real-time tracking, notifications, and the ability to freeze or unfreeze a card. KemyCard also notes that availability and limits can vary by region and by compliance level, including KYC or KYB requirements.
Virtual Card
KemyCard’s pricing page lists the virtual card as suitable for online purchases, verifications, and subscriptions. The published terms include a one-time purchase fee and a multi-year validity period, along with a maximum balance and per-transaction cap. KemyCard also states that users can create an unlimited number of virtual cards, which can be used to separate spending across different use cases.
- The virtual card costs $15.
- The card is valid for 3 years.
- The maximum balance is $100,000.
- Each transaction is capped at $10,000.
- The monthly fee is $2.
For card operations, KemyCard lists top-up fees that vary based on the top-up amount, along with a minimum top-up amount. The pricing page also lists a transaction fee applied to purchases, and a fee for failed transactions.
Physical Card
KemyCard’s physical card is marketed as a higher-limit option for in-store and online payments, with support for contactless transactions and compatibility with Apple Pay, Google Pay, and Samsung Pay. KemyCard lists a one-time order price that includes DHL Express shipping, along with a higher maximum balance and published spend and ATM withdrawal limits. The pricing page also indicates that physical cardholders are limited to one card per user.
- The physical card costs $250 including DHL Express shipping.
- The card is valid for 3 years.
- The maximum balance is $400,000.
- Each transaction is capped at $25,000.
- The daily spending limit is $50,000.
- Daily ATM withdrawals are limited to $500.
- Monthly ATM withdrawals are limited to $15,000.
- The monthly fee is $10.
Funding and Fees
KemyCard describes funding through crypto and mobile money, with a “main account” balance used to create and top up cards. The pricing page publishes a percentage-based deposit fee for the main account and notes that deposits are separate from card-level top-up fees. Card top-ups and transactions have separate fees.
- Top-ups under $100 cost $1.50.
- Top-ups of $100 or more cost 1.25%.
- The minimum top-up is $5 (virtual card), $10 (physical card).
- Transactions cost 3.5% plus $1.
- Failed transactions cost $0.80 on either card type.
KemyCard also states that limits and fees may change depending on compliance level, currency, and the issuing partner, and that updates will be published on its pricing page.
Acceptance and Usage
KemyCard states that its cards can be used at online and in-store merchants that accept Visa or Mastercard. The physical card is described as NFC-enabled and compatible with major mobile wallet services, which can support contactless payments where those wallets are available. As with most card products, authorizations depend on the available balance and applicable fees; KemyCard’s published disclosures include fees for failed transactions when a payment cannot be completed.
Compliance and Platform Notes
KemyCard highlights compliance-oriented features, including full eKYC execution and automated ID and biometric verification through an eKYC provider, Sumsub. It also states that it runs real-time blockchain transaction monitoring for AML compliance. In its disclosures, KemyCard states that, in the United States, it operates as a Money Services Business under the Bank Secrecy Act, and it emphasizes that card and banking services are provided by licensed financial institutions in their respective jurisdictions.
Planned Services
KemyCard’s product pages also describe services labeled as “coming soon,” including a US virtual bank account for individuals and businesses, and a “crypto to fiat” service designed to deposit local currency into a recipient’s bank account using rails such as ACH and wire in the United States and SEPA in the European Union. KemyCard notes that pricing for these services will be published at launch and that timelines and availability may change.
Risks and Considerations
- Card availability, limits, and acceptance depend on issuing partners, local rules, and network requirements.
- Card use can involve layered fees, including top-up fees and transaction fees, which can affect the effective cost of spending.
- Access and limits may change based on KYC or KYB status and other compliance checks.
- Virtual and physical products have different limits and monthly fees, and physical issuance is limited to one card per user under the published schedule.
