UPay Card Stellar (virtuale)
A plan byUPay Card · Visa/Mastercard
UPay is a custodial crypto card issued by UPay Financial Technology Co., Ltd (Dubai-based), operating under a Hong Kong MSO license, a Lithuanian VASP registration, and US and Canada MSB registrations. It runs on Visa and Mastercard rails and is available in 150+ countries. It offers virtual cards (Stellar, Platinum) and physical cards (Euro Card, Precious) with differing fees: the issuance fee reported here (10 EUR-equivalent, i.e. 10 USDT) refers to the Platinum virtual card, while physical cards cost around 100 USDT. The cross-border FX markup ranges from 1% to 3% depending on tier (2% shown here as a documented mid value). The up-to-3% cashback is reported by third-party sources (todey) but not clearly confirmed on the official site: treat with caution. Full KYC is mandatory for all cards.
Stellar (virtuale)
- FX markup
- 1%
- fee_emissione_usdt
- 50
- fee_annuale
- 0
The number that matters
The banner cashback isn't what you pocket.
After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa/Mastercard |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | €10 |
| Annual fee | Free |
| Free ATM limit | 2000 USDT (carta fisica); le carte virtuali non consentono prelievi ATM |
| ATM withdrawal | Free |
| FX markup | 1% |
| Cashback | 3% in USDT · Nessuno |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | EEA, UK, US, APAC, LATAM · 160+ countries |
| Funding / solidity | UPay Financial Technology Co., Ltd, societa privata con sede a Dubai (Emirati Arabi Uniti), emittente di carte crypto custodial operanti su circuiti Visa e Mastercard in oltre 160 paesi. |
| Estimated net annual cost | €10/year |
| Regulator | Hong Kong Customs and Excise Department (MSO); Lietuvos Bankas (VASP); FinCEN (US MSB); FINTRAC (Canada MSB) |
| Segment | B2C |
| Funding / solidity | UPay Financial Technology Co., Ltd, a private company headquartered in Dubai (UAE), issuer of custodial crypto cards running on Visa and Mastercard rails in 160+ countries. |
| MiCA / License status | Hong Kong MSOLithuania VASPUS MSB (#31000257909666)Canada MSB (#M24993747) Operates under a Hong Kong MSO license, a Lithuanian VASP registration and MSB registrations in the US (#31000257909666) and Canada (#M24993747). No banking authorization; custodial model. |
Strengths
- Broad global coverage (150+ countries) on Visa and Mastercard rails, with Apple Pay and Google Pay.
- Multiple virtual and physical card tiers with low issuance fees (from 10 USDT) and no annual fee on most cards.
- Multi-jurisdiction regulatory footprint (Hong Kong MSO, Lithuania VASP, US/Canada MSB).
- No notable sovereignty advantage documented.
Weaknesses
- Custodial model: assets are held by the platform, the user does not control the keys.
- Cross-border FX markup up to 3% and cashback not clearly confirmed on the official site.
- Full KYC mandatory; virtual cards do not allow ATM withdrawals.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Operates under a Hong Kong MSO license, a Lithuanian VASP registration and MSB registrations in the US (#31000257909666) and Canada (#M24993747). No banking authorization; custodial model.): reporting to authorities and freezes on order.
Verdict
Weak protection: custodial model with assets held by the platform and mandatory full KYC. The regulatory footprint is multi-jurisdictional (Hong Kong MSO, Lithuania VASP, US/Canada MSB) but fragmented and lacks a strong prudential supervisor; no deposit guarantee comparable to banking.
Very low sovereignty: the card is fully custodial, the user does not control private keys and depends on the platform for crypto-to-fiat conversion. Mandatory full KYC removes any privacy component.
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 UPay card custodial or non-custodial?
It is custodial: crypto assets are held by the UPay platform, and the user does not directly control the private keys.
How much does it cost to issue a UPay card?
The Platinum virtual card has an issuance fee of about 10 USDT with no annual fee; physical cards (Euro Card, Precious) cost around 100 USDT. The cross-border FX markup ranges from 1% to 3% depending on tier.
Sources
- Official service page Url ufficiale · Licenses & registrations · Payment network · Virtual card · +3 Data verified on Jun 23, 2026
- en.cryptonomist.ch Licenses & registrations · Issuer · Payment network · Card issuance fee · +10 Data verified on Jun 23, 2026
- todey.xyz Categoria · Payment network · Custodial · Card issuance fee · +5 Data verified on Jun 22, 2026