Card database / Mastercard / Stablecoin payment card

Raycash Card

Updated: Sep 29, 2026

Raycash Card is a payment card within the Raycash self-custody stablecoin account system, designed for everyday spending, online shopping, mobile payments and purchases at physical merchants. User funds are held in on-chain accounts controlled by their own keys. Card purchases are deducted directly from the private stablecoin balance and converted into the local payment currency. The product also combines an IBAN, stablecoin transfers, returns on balances and FHE privacy technology and is positioned as a link between on-chain funds and traditional card spending.

Submit usage feedback

Confirmed unavailable on App Store

Card network
Product type: Stablecoin payment card
Card form: Physical card / Virtual card
Operating status: Waitlist
KYC level: Full KYC
Commercial relationship: No commercial relationship
Risk score: 60-69

Supported assets: USDTUSDC
Last updated: Sep 29, 2026

Official and company information

Issuer identity and company credentials

Raycash is a next-generation decentralized compliant privacy on-chain neobank and crypto card platform powered by Zama's fully homomorphic encryption (FHE) technology. The platform allows users to deposit major stablecoins such as USDC and USDT in a fully self-custodial manner, and through a five-step compliance screening mechanism, achieves privacy-wrapped assets, addressing the pain point of fully exposed on-chain balances and ledgers. While ensuring end-to-end encryption of transaction amounts and protecting user financial privacy, Raycash retains address traceability for compliance, and provides users with dedicated virtual bank accounts (IBAN) and crypto debit cards, supporting seamless high-frequency spending at traditional fiat merchants worldwide.

Visit website Application page

Company / issuer: Raycash
Legal name: Not disclosed
Registered region: Unconfirmed
Headquarters: Global distribution
Company type: Fintech
Verification status: Verified
Issuer website: Official link
Application page: Application link

Card overview

Raycash combines a self-custody wallet, stablecoin balances, IBAN, and bank cards in one account system. After identity verification, the system creates an embedded self-custody wallet through Privy. Eligible accounts can receive funds through bank transfers, on-chain top-ups, or transfers between Raycash users; assets entering the protocol undergo compliance screening and become an encrypted confidential balance. Card spending is settled directly from that balance, with settlement on traditional payment networks completed through partner BaaS/card institutions. Official product documentation provides for virtual cards and physical cards, with support for mobile wallets, 3D Secure, contactless payments, and Chip & PIN. The current website still uses private access and a waitlist as its main entry points, and the formal public application is not yet fully open.

Mastercard card experienceRegional availabilityTerms may change

Notice: No additional notice is available.

Usage scale & trends

Usage data is not available for this card yet. It will appear here when available.

Card variants and fee differences

Compare verified fee records across card forms and tiers

Drag or swipe anywhere in the table to view every card; labels stay fixed

	RRaycash Physical card	RRaycash Virtual card
Card form	Physical card	Virtual card
Fees
Monthly fee	Free No monthly maintenance fee.	Free No monthly maintenance fee.
Card issuance fee	Free Free issuance	Free Free issuance
ATM fee	—	—
Foreign exchange fee	1.5% Spending in non-account currency	1.5% Spending in non-account currency
Top-up fee	Free Free on-chain top-up	Free Free on-chain top-up
Failed transaction fee	—	—
Rewards
Cashback	—	—
Crypto cashback	—	—
Staking rewards	—	—
Staking APR	—	—
Welcome bonus	—	—
Referral bonus	—	—
Limits
Daily spending limit	—	—
Monthly spending limit	—	—
ATM withdrawal limit	—	—
Card network

Drag horizontally to view other cards

Fees may vary by region, card tier, and official policy. Verify the latest official terms.

Regions and language support

Application status based on public sources, official policy, and user reports. This is not application advice.

Available regions

Applications or normal card activation are supported

BelgiumBEGuernseyGGIndonesiaIDMaltaMTMalaysiaMYMontenegroMEPanamaPACzechiaCZTürkiyeTRGhanaGHMonacoMCChileCLMoldovaMDGreeceGREl SalvadorSVBulgariaBGAustraliaAUJapanJPGibraltarGIOmanOMRomaniaROSloveniaSIIsraelILCyprusCYItalyITMexicoMXUnited Arab EmiratesAEMacaoMOVietnamVNUnited StatesUSAustriaATKazakhstanKZIrelandIEGermanyDESouth KoreaKRPortugalPTFinlandFIEstoniaEESwedenSEFranceFRSaudi ArabiaSAJerseyJENigeriaNGBahrainBHLuxembourgLUUzbekistanUZSwitzerlandCHLatviaLVSpainESGeorgiaGEHungaryHUPhilippinesPHSingaporeSGAndorraADAzerbaijanAZLithuaniaLTEcuadorECUkraineUAKenyaKEPeruPETaiwanTWSlovakiaSKNorwayNOArgentinaARUgandaUGHong KongHKNetherlandsNLUnited KingdomGBDenmarkDKColombiaCOThailandTHPolandPLBrazilBRCroatiaHRIcelandISSouth AfricaZAIsle of ManIM

Evidence: Officially supported

Unsupported or restricted regions

Applications or features are unavailable or restricted

114

HondurasHNMozambiqueMZFijiFJSudanSDGuatemalaGTJordanJOChadTDSolomon IslandsSBEthiopiaETTimor-LesteTLNigerNESamoaWSSeychellesSCDjiboutiDJSouth SudanSSMalawiMWLiberiaLRMyanmar (Burma)MMChinaCNKiribatiKIAlgeriaDZKyrgyzstanKGNamibiaNABahamasBSCôte d’IvoireCIComorosKMEritreaERCongo - KinshasaCDMauritaniaMRPapua New GuineaPGVenezuelaVELaosLABarbadosBBHaitiHTMauritiusMUBurkina FasoBFCongo - BrazzavilleCGGuineaGNNauruNRZimbabweZWTuvaluTVSomaliaSOMoroccoMACanadaCALibyaLYSt. LuciaLCIndiaINNorth KoreaKPMaliMLEswatiniSZGrenadaGDTrinidad & TobagoTTKuwaitKWEgyptEGSri LankaLKNepalNPNew ZealandNZCape VerdeCVSyriaSYCubaCUGambiaGMArmeniaAMTongaTOYemenYEEquatorial GuineaGQAngolaAOGuyanaGYBoliviaBOZambiaZMRwandaRWSenegalSNMongoliaMNMaldivesMVVanuatuVUCosta RicaCRDominicaDMMarshall IslandsMHSão Tomé & PríncipeSTCameroonCMGuinea-BissauGWGabonGABotswanaBWSt. Kitts & NevisKNNicaraguaNIUruguayUYBruneiBNLebanonLBDominican RepublicDOSurinameSRJamaicaJMBeninBJLesothoLSTurkmenistanTMQatarQABangladeshBDTanzaniaTZCambodiaKHTajikistanTJBhutanBTSierra LeoneSLIranIRTogoTGAntigua & BarbudaAGPalauPWTunisiaTNCentral African RepublicCFParaguayPYBurundiBIBelizeBZPakistanPKSt. Vincent & GrenadinesVCIraqIQMadagascarMGAfghanistanAF

Evidence: Officially restricted

Unconfirmed regions

Evidence is insufficient

No records

Evidence: Public sources

Availability in English-Speaking Markets

1. United States：Cannot apply，Cannot use，Raycash remains in pre-launch and only accepts waitlist registrations; the Raycard is not yet available for issuance or use.

2. United Kingdom：Cannot apply，Cannot use，Raycash remains in pre-launch and only accepts waitlist registrations; the Raycard is not yet available for issuance or use.

3. Canada：Cannot apply，Cannot use，Raycash remains in pre-launch and only accepts waitlist registrations; the Raycard is not yet available for issuance or use.

4. Australia：Cannot apply，Cannot use，Raycash remains in pre-launch and only accepts waitlist registrations; the Raycard is not yet available for issuance or use.

5. South Africa：Cannot apply，Cannot use，Raycash remains in pre-launch and only accepts waitlist registrations; the Raycard is not yet available for issuance or use.

6. New Zealand：Cannot apply，Cannot use，Raycash remains in pre-launch and only accepts waitlist registrations; the Raycard is not yet available for issuance or use.

7. Ireland：Cannot apply，Cannot use，Raycash remains in pre-launch and only accepts waitlist registrations; the Raycard is not yet available for issuance or use.

Updated: Sep 11, 2026

KYC requirements

Current identity-verification requirements and restrictions

KYC required

YesRequired

KYC level

Full KYCRequirement confirmed

Proof of address

NoNot required

Accepted documents

Passport / National ID card / Driver's license

Review time / regional limits

Automated verification is usually instant; when routed to manual review, it is typically processed within one business day.

KYC provider

Not disclosed

Updated

Aug 18, 2026

Payment compatibility

Support status and update date by payment scenario · Actual availability may vary by region, merchant, and issuer policy

Compatibility overview12 scenarios

Supported5

Not supported7

UpdatedAug 18, 2026

Wallet payments

Alipay

Not supported

Aug 18, 2026

Wallet payments

Apple Pay

Supported

Aug 18, 2026

Cash services

ATM withdrawal

Not supported

Aug 18, 2026

AI tools

ChatGPT

Not supported

Aug 18, 2026

AI tools

Claude

Not supported

Aug 18, 2026

Wallet payments

Google Pay

Supported

Aug 18, 2026

AI tools

Midjourney

Not supported

Aug 18, 2026

In-person payments

Offline POS

Supported

Aug 18, 2026

Online shopping

Supported

Aug 18, 2026

Wallet payments

PayPal

Not supported

Aug 18, 2026

Subscriptions

Subscription payment

Supported

Aug 18, 2026

Wallet payments

WeChat Pay

Not supported

Aug 18, 2026

Review

Read the editorial review, its verdict and latest update.

No review yet

No review has been published for this card. Published reviews appear here.

User reviews

Showing 0 approved reviews matched to this card

Newest first

No approved reviews

Approved source content will appear after it is matched to this card.

Risk factors

Updated: Aug 18, 2026

No risk factors are available

Frequently asked questions

Answers drawn from the published record on this page.

Does Raycash Card require KYC?

Our record lists the Raycash Card verification requirement as: Full KYC. Document and review details are in the KYC section of this page.

Does Raycash Card support Apple Pay and Google Pay?

Apple Pay: Supported. Google Pay: Supported.

Which assets can I top up Raycash Card with?

Our record lists Raycash Card support for: USDT and USDC.

Is Raycash Card a virtual or a physical card?

Raycash Card is offered as: Physical card and Virtual card.

Where is Raycash Card available?

Our record lists 77 countries or regions as available and 114 as restricted. Country-by-country status is in the regions section of this page.

Who issues Raycash Card?

Raycash Card is operated by Raycash on the Mastercard network.