BIN sponsorship | How it can help your business

A Bank Identification Number, also called an Issuer Identification Number, is the first six to eight digits of a payment card and identifies its issuing institution and network for secure, regulated domestic and international transactions. BIN sponsorship allows businesses to issue payment cards using a sponsor’s existing BIN and payment-network relationships rather than obtaining their own banking licences and infrastructure. Sponsors typically support card-program setup, compliance with requirements such as KYC, AML, PCI DSS, PSD2, and strong customer authentication, card production, transaction authorisation, clearing, and settlement. The arrangement can help fintechs, startups, platforms, and established businesses reduce operational complexity, launch products more quickly, and expand into markets where the sponsor has regulatory coverage, though costs vary by region, card type, network, and services. When selecting a sponsor, businesses are advised to assess global coverage, compliance and security capabilities, technology integration, financial infrastructure, and provider reputation; Airwallex is presented as one provider offering card issuance support in more than 40 markets.

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