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Overview

Description

Blackcatcard is an international neobanking solution issued by Papaya Ltd, offering mobile and online banking, free European IBANs, Mastercard payment cards, and integrated crypto services for individuals and businesses.

General Info

Address
31, Triq Ghenieq, Naxxar NXR 3622, Malta
Phone number
+356 2015 5555
Identification number
C55146
CEO
Igor Tsybolyuk
COB
Dmitrijs Panurskis
Email
info@papaya.eu
Full name
Papaya Ltd
Name
blackcat
Website
https://blackcat.app/
Social Media
SWIFT code
PAPYMTMT
Year of foundation
2019

Overview

Features
Currency exchange, International Transfers, Expense Management Tools, Cryptopayments, Cryptocurrency exchange
Supported languages
Spanish, Russian, Italian, German, French, English
Mobile App
iOS, Web, Android
Commissions
Medium-Low
Products
Payment Cards - Prepaid, Payment Cards - Crypto, Payment Cards - CashbackCard
Crypto-Friendly

Risk Acceptance Level
Low risk
AML Tolerance
Medium-Low
Account Currency
EUR
International Transfers
SWIFT, SEPA, SEPA / SEPA Instant
Card Networks / Card Schemes
Mastercard
Company Type
EMI, Digital Bank
Customer Segment
Legal Entities, Individuals
Business focus
Merchant Payments, FX, Digital Banking, Cross-border Payments, Card Issuing
Country of registration
Malta
Regulators
MFSA
Authorities
MFSA
License type
E-Money Institutions (EMIs)

Area served

Europe
Czech Republic, Iceland, Hungary, Greece, Germany, France, Finland, Estonia, Denmark, Ireland, Cyprus, Croatia, Bulgaria, Belgium, Austria, Norway, Sweden, Spain, Slovenia, Slovakia, Romania, Portugal, Poland, Netherlands, Malta, Luxembourg, Lithuania, Liechtenstein, Latvia, Italy

Pros & Cons

Pros

  • Instant Virtual Cards. Instant issuance of virtual cards right after opening an account or in just a few clicks

  • Remote Account Opening. Ability to open an account entirely online (including video verification) without visiting a branch. Crucial for non-residents

  • Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard

  • Fast International Transfers. Fast processing of international transfers (SWIFT, SEPA, etc.) with minimal delays

  • Cashback & Rewards. Loyalty program offering high cashback percentages or bonus miles on purchases

  • Crypto-Friendly Policy. Favorable stance on cryptocurrency transactions, with no account freezes for P2P transfers and exchange transactions

  • Zero Account Maintenance Fees. No monthly account maintenance fees (with no hidden conditions)

Cons

  • High Card Issuance/Delivery Fees. Expensive fees for physical card issuance or delivery (especially international)

  • No Remote Onboarding. Inability to open an account remotely, requiring mandatory personal presence at a bank branch

  • Hidden Fees & Commissions. Presence of non-obvious fees (for bank statements, account inactivity, SMS alerts, etc.)

  • Strict Account Minimums. Requirement to maintain a high minimum account balance to avoid penalties or fees

  • Strict Crypto Restrictions. Strict policy regarding cryptocurrencies: account freezes for transactions related to crypto or P2P

  • Expensive International Wire Transfers. High fixed fees or unfavorable exchange rates when sending or receiving international wire transfers

  • High Out-of-Network Fees. High fees for cash withdrawals at out-of-network ATMs or abroad