Fintech Stripe debuts charge card program in US; soon to launch in UK, EU

Fintech giant Stripe announced a new charge card program from its commercial card issuing product, TechCrunch reported.

Stripe launched its Stripe Issuing product in 2018, and it has helped companies issue over 100 million cards in the US, the UK, and the European Union. Some of its clients include Shopify and Ramp.

Previously, Stripe-issued cards could only be used to spend money from a pre-funded account. The recent expansion into charge cards will help companies distribute virtual or physical charge cards to their customers that will allow them to spend on credit rather than using just the funds available in their accounts.