If you use a digital banking app or an online-only prepaid card or savings provider, it’s possible that you’ll be using the services of a company like Wallester.
What is Wallester?
Financial services companies that offer whizzy new digital banking products can sometimes use a company like Wallester to provide the digital infrastructure as well as the physical debit and prepaid cards with their own branding on them to enable their customers to use their banking or prepaid card services.
Wallester is therefore what fintech industry players call a ‘white label’ provider of technology services and Visa cards used by a range of financial services providers. That basically means they can provide everything ‘under the hood’ for an online financial services company or digital marketplace to operate effectively. These companies can then put their branding on top of these services and applications.
How does Wallester work?
The Estonian company offers a suite of technical and security services, like application programming interfaces (APIs) and card issuing services.
For example, it can provide the app that an online-only bank’s customers use to manage their account, make and receive payments and categorise their spending.
It also offers a selection of ready made products designed to provide solutions to some of the common issues that online banking, loan and credit card providers face, like fraud monitoring, and payment authentication.
Is Wallester suitable for your business?
Wallester offers services to a range of businesses, not just those in banking. It offers payment tools and services across a range of business sectors, including:
Peer-to-peer loan providers
E-commerce marketplaces
Travel agencies
Gift and reward card providers
Membership and loyalty card schemes
Insurance companies
Online advertising
Streaming platforms
Expense management
If your business falls under one of these categories, there may be some tools that can help your company make customer transactions safer, faster and more efficient.
Is Wallester safe?
Wallester provides a range of services designed to make payment processes more secure. These include ‘know-your-customer’ (KYC) and anti-money laundering (AML) systems. So, it’s a fair bet they take their customers’ security seriously.
Out verdict: Is Wallester any good?
Wallester offers a wide range of digital and physical card services for companies working across financial services, ecommerce, digital media and travel.
It may provide the kinds of services that your online company needs to get up and running quickly, safely and in a way that offers convenience to your customers.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Nick Renaud-Komiya has been a writer and reporter for nine years, covering a range of consumer issues from energy suppliers to banking and mortgage issues. He enjoys helping people take control of their personal finances and better understand their consumer rights. Nick’s consumer writing and money journalism has been featured in a range of outlets including MoneySavingExpert.com, The Sunday Mirror, The Independent and Money.co.uk. Outside of work Nick enjoys cooking and collecting old David Bowie merch. See full bio
By switching your business bank account, you may be able to reduce your monthly fees or take advantage of different features like smart bookkeeping tools.
Opening a current account for your club, community organisation, sporting society or charity can take a bit of time, but is a fundamental step in setting up your organisation. This guide covers the basics you need to get started.
ANNA’s business account promises to set you free from admin. We look at all its features and fees, to help you decide if your business should sign up for one.
Considering a Revolut Business account? We take a closer look at the features and price plans available with these digital-only accounts.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
