Eversend Card
Eversend · Visa
Eversend is an African neobank founded in Uganda in 2017, now active across several markets (Uganda, Nigeria, Ghana, Kenya, Rwanda, Tanzania). The app combines multi-currency wallets, FX, cross-border transfers and a virtual USD Visa card. The card is virtual-only (no physical, no ATM): free issuance with a $1/month fee and a 3.5% + $0.5 FX fee on non-USD payments. It targets international online payments for African users.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Account fee | €1 |
|---|---|
| Multi-currency | USD, EUR, GBP, NGN, GHS, KES, RWF, UGX |
| Network | Visa |
| ATM withdrawal | Free |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | AFRICA · 6+ countries |
| Regulator | Bank of Uganda |
| Segment | B2C |
| Funding / solidity | Eversend is a pan-African fintech founded in Uganda in 2017 and headquartered in Kampala. It offers multi-currency wallets, FX, cross-border transfers and a virtual USD Visa card, operating across several African markets (Uganda, Nigeria, Ghana, Kenya, Rwanda, Tanzania). |
Strengths
- Virtual USD Visa card accessible from major African markets
- Free issuance and low monthly fee ($1)
- Integrated multi-currency wallets with in-app FX; useful where local cards are declined
- No notable sovereignty advantage documented.
Weaknesses
- Virtual card only: no physical and no ATM withdrawals
- High FX fee (3.5% + $0.5) on non-USD payments
- Penalties on declined transactions; custodial service
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Custodial service from an African neobank licensed in Uganda, not an EU-regulated institution: funds do not benefit from European deposit guarantees. Protection for an Italian user is low, with full KYC but no SEPA/EU regulatory coverage.
Custodial solution with full KYC and no user control over keys or funds: the model is that of a centralised neobank. Individual sovereignty is minimal, in line with a traditional bank account.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is the Eversend card physical or virtual?
Virtual only: a USD Visa for online payments, with no physical card and no ATM withdrawals.
How much does it cost?
Free issuance, $1/month fee; non-USD payments carry a 3.5% + $0.5 FX fee.
Sources
- Official service page Payment network · Virtual · Multivaluta · Azienda Data verified on Jun 22, 2026
- help.eversend.co Canone · Fees · Fx · Supported currencies · +1 Data verified on Jun 23, 2026
- mlvp.io Regulator · Azienda info Data verified on Jun 23, 2026
- todey.xyz Kyc · Custodial · Fx Data verified on Jun 22, 2026