eToro Plans to Launch Debit Card in UK Ahead of Robinhood

• Investment app eToro has acquired Marq Millions Limited, the UK based e-money business, to launch its debit cards to UK customers

• Marq Millions will now be rebranded as eToro Money and would be the issuer for eToro’s debit cards as the exchange expands its range of products for UK customers

• eToro Money has an EMI license permission from the Financial Conduct Authority (FCA) and a principal membership with VISA

• eToro allows customers to invest in commodities and stocks, as well as for cryptocurrencies like Bitcoin

Source: TechCrunch

Vedang R. Vatsa

IT & Management Consultant