Card-issuing rail · 1 card
What is Modulr?
Modulr is a UK embedded-payments provider (banking-as-a-service) that supplies the account and card infrastructure behind fintech products, including some crypto-adjacent programmes needing real payment accounts.
FCA-authorised e-money institution; EU operations via Modulr entities1 card on this rail
Same-rail KYC: if you've already completed identity verification on one card powered by Modulr, onboarding another card on the same rail is usually lighter — the compliance record sits with the issuer, not the app.
Crypto cards powered by Modulr
Every card in our database issued on this rail — including ones you'd never guess share the same back-end.
Pros of Modulr
- Real payment accounts, not just a card BIN
- Strong UK faster-payments integration
- Established BaaS provider with bank-grade compliance
Cons of Modulr
- Not crypto-native — digital-asset programmes are a side use-case
- Stricter risk appetite than crypto-specialist rails
- Primarily UK/EEA focused
Frequently asked questions
- What is Modulr?
- Modulr is the regulated entity that actually issues the card — it provides the banking licence, BIN range and settlement plumbing while the crypto brand supplies the app and funding mechanism. If your card "just works", it's Modulr doing the regulated part.
- If I did KYC on one Modulr card, is it faster on another?
- Often yes — the compliance record lives with the issuer, so onboarding a second card on the same rail is frequently lighter-touch than starting fresh on a different one. Approval is never guaranteed, but the prior relationship helps.
- What happens if Modulr loses its licence or goes down?
- Every card on the rail is affected at once — that's the hidden concentration risk of shared infrastructure. If a rail stops operating, partner programmes usually migrate cardholders to a replacement issuer, but there can be an interruption.
- Are cards on the same rail identical?
- No. The rail supplies the licence and the plumbing; the front-end brand decides fees, limits, rewards and KYC depth. Two cards on Modulr can have very different terms — compare the cards, not just the issuer.