Elfin Market launches the world’s first peer-to-peer  payment card alongside a complete rebrand 

27th July 2022 | Blogs, News

Elfin Market launches the world’s first peer-to-peer  payment card alongside a complete rebrand 

London, UK: Elfin Market, the UK-based peer-to-peer lender, is pleased to announce the launch  of the new “Elfin Card”, the world’s first peer-to-peer payment card, on 26/7/22. This new prepaid  Mastercard gives our customers a flexible way to use their credit accounts. Alongside fee-free,  almost instant transfers to their bank account (with no cash advance fees). 

Features Include: 

- No foreign exchange fees and unlimited fee-free international ATM withdrawals - Contactless-enabled prepaid MasterCard 

- £200 fee-free monthly domestic ATM withdrawals 

- If misplaced, the card can be easily frozen in the app 

All customers will be able to order the card via the app on 26/7/22 after updating to the latest  version of the app, available on iOS and Android. The rebrand will be live on a brand-new website and  app at the same time on 26/7/22, matching the card’s design. The change shows how far Elfin Market  has evolved over the past few years. 

“After a successful closed beta stage, we can’t wait to get the cards in customers’ hands. I believe  the addition of the Elfin Card to our popular borrower product will help make Elfin Market the go-to  platform for flexible credit in the UK.” – Mansour Bouaziz – Co-founder & CEO

“Though technically not a credit card, the Elfin Card was designed to offer UK individuals the same  borrowing flexibility as a credit card, without the sky-high rates and numerous additional fees.”  Lakshithe Wagalath – Co-founder & COO 

Elfin Market is a peer-to-peer lending platform, offering borrowers credit 75%  cheaper than the average credit card*, with a representative APR of 5.8%, and  investors an innovative finance ISA for tax-free returns.

*Based on the average purchase credit card APR in the UK during Q3 2021 of 26.0% APR and  

the Elfin Market representative APR of 5.8%.  

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