Swiss Finance Disruptor YAPEAL Chooses Marqeta to Power New Digital Wallet

With the help of Marqeta’s modern card issuing platform, YAPEAL customers can set up a full Swiss current account in just ten minutes

ZÜRICH–(BUSINESS WIRE)–Digital fintech start-up YAPEAL has launched a new, innovative digital wallet, powered by Marqeta’s modern card issuing platform. Having received the first ever fintech licence in Switzerland from FINMA, YAPEAL will provide customers with a full Swiss current account and a mobile-ready Visa debit card in just ten minutes, a process that would usually take a week. Utilising Marqeta’s instant card issuing capabilities, the digital wallet will offer a range of personal finance features, including the ability to issue a mobile ready debit card that can connect to mobile payment apps, starting with Google Pay, and Apple Pay and Samsung Pay coming soon. YAPEAL will help its customers, Yapsters, to intelligently manage money through budgeting tools and provide access to multiple currencies.

“Taking a week to be able to open a bank account and receive a debit card is just too long in today’s digital world. With the help of Marqeta, our customers can now set up an account and begin using their debit cards to shop online in just minutes. The Swiss banking sector has long been lagging behind other areas; banking innovations haven’t kept pace with the infrastructure in other industries, like leisure and retail. This is the gap that we are looking to close with our new, disruptive digital wallet,” said Daniel Capraro, Co-Founder and Chief Product Officer, YAPEAL. “Marqeta has been central to us achieving this goal, with a modern payments platform and a shared vision to redefine financial services. With Marqeta, we created the entire offering process in two and a half months, one that would have taken eighteen months with other providers. We’re thrilled to be bringing this speed to the Swiss market and, looking to the future, hope to do the same internationally.”

YAPEAL has been able to significantly reduce the monthly subscription cost all Swiss consumers pay for their bank accounts. Its digital wallet bundle will include access to a full Swiss current account, a Visa debit card, mobile payments and additional features of the wallet – including online card control, saving targets and even access to expert advice. Built on Marqeta’s card issuing platform, the digital wallet offers faster and cheaper payments at a speed that is truly unique to the Swiss market.

Marqeta has also been pivotal in enabling YAPEAL’s Mobile Wallet functionality with support for Google Pay, and Apple Pay and Samsung Pay in the near future, as it seamlessly provides a token to the digital wallet. The process of setting up tokenized payment capabilities with other providers would usually have taken over six months with a team of around sixty people. With Marqeta, YAPEAL was able to implement tokenization in approximately one month with just one developer spending a fraction of their time on the project.

“The Marqeta platform has been at the core of creating our current card offering, the most prominent feature in our portfolio,” said Thomas Hilgendorff, CEO, YAPEAL. “The platform has enabled us to provide instant card issuing to our customers, a capability that traditional providers are not able to match that is currently unique in Switzerland. Marqeta also provides the flexibility necessary to create new features and capabilities whenever we want, facilitating the future offerings on our product roadmap.”

About Marqeta

Marqeta is the leading global modern card issuing platform, providing advanced infrastructure and tools for building highly configurable payment cards. With its open API, the Marqeta platform is designed for innovators who want a simplified way of managing payment programs so that they can create world-class experiences and power new modes of commerce. Marqeta is headquartered in Oakland, California. For more information, visit, Twitter and LinkedIn.


YAPEAL was founded in June 2018 and has since been seeking to redefine the way people handle their money through developing a digital wallet. The Zurich-based Digital fintech start-up achieved the milestone of receiving the first ever Swiss fintech license in March of this year, placing it at the forefront of disrupting the extremely traditional Swiss banking sector. For more information, visit, Twitter and LinkedIn.


Tom Reynolds

Spark Communications for Marqeta

0207 436 0420

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