-- Blackcatcard, a digital financial service operated by the EU-licensed institution Papaya Ltd., has formally launched its offering of free personal IBAN accounts to users worldwide. The service, available to individuals aged 16 and older, delivers full European banking capabilities through a modern, accessible digital platform—without the barriers of nationality, monthly fees, or complex paperwork.
This expansion provides users—both inside and outside the European Economic Area—with an inclusive financial tool anchored in EU regulatory standards. With a seamless application process, eligible users receive a personal European IBAN account upon registration, with no charges for account creation or monthly maintenance. The service is structured to promote global financial inclusion, with a core focus on remote accessibility and minimal friction.
Key Account Features
- Free EU Personal IBAN: Each user receives a personal European IBAN account with SEPA payment capabilities, suitable for international transfers and online transactions.
- Instant Virtual Mastercard: Immediately upon account activation, users are granted a free virtual Mastercard, enabling online and mobile payments.
- Free Global Delivery of Physical Card: A physical Mastercard can be ordered at no cost, with free shipping to over 180 countries.
- Zero Maintenance Fees: There are no recurring charges, no minimum balance requirements, and no monthly service costs.
- Eligibility from Age 16: Unlike many financial institutions, Blackcatcard accounts are open to younger individuals starting from the age of 16.
A Scalable Solution for the Mobile Generation
The service is designed to meet the growing demand for flexible, borderless financial tools—particularly among digital nomads, freelancers, international students, and globally mobile users. Through its iOS and Android applications, Blackcatcard enables 24/7 account access, multi-currency conversion, and transaction tracking. Customer service is available in multiple languages, including English, German, Spanish, and Russian, making the platform user-friendly across regions.
Security and Compliance
Blackcatcard operates in full compliance with EU financial regulations. The IBAN accounts are issued by Papaya Ltd., a financial institution authorized and regulated by the Malta Financial Services Authority (MFSA) as an electronic money institution under the EU’s Electronic Money Directive. Funds held in user accounts are safeguarded in compliance with EU rules and are kept segregated from the company’s operational accounts.
Access and Onboarding
Opening an account is completed digitally via the Blackcatcard mobile app or web portal. The identity verification process uses biometric and document scanning technology to facilitate fast, secure onboarding. There is no requirement to hold European residency or citizenship, making this one of the few true EU banking products available globally.
For more information or to open a free personal IBAN account, visit https://blackcatcard.com.
About Blackcatcard
Blackcatcard is a financial technology service operated by Papaya Ltd., an EU-authorized financial institution headquartered in Malta. Focused on bridging the gap between traditional banking and digital finance, Blackcatcard delivers personal IBAN accounts and Mastercard payment solutions to customers globally. The platform supports a wide range of financial tools tailored to mobile-first users seeking accessible, secure, and affordable banking alternatives.
Contact Info:
Name: Blackcatcard
Email: Send Email
Organization: Blackcatcard
Website: https://blackcatcard.com/
Release ID: 89161153
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