Q. What is the progress of BIN approval?
As you may know, were now cooperating with 3 issuers each located in UK, US, and Singapore. Were targeting to launch in US first as US issuance would not require an additional BIN sponsorship. Currently, were in the progress of due diligence for each party, and it would take approximately 8 weeks to finalize the contract.
FuzeX team will constantly work with Singapore and UK issuers as well during the period of due diligence of US issuer.
On the other note, Singapore, UK issuer, and the brand networks risk management and compliance team are currently reviewing documents submitted from FuzeX. We are expecting to bring good news to the community soon.
Does this mean that an issuer in the UK would also be able to supply the cards to everyone in Europe, or only limited to the UK?