PokePay Card
PokePay Technology Co., Ltd. · Visa
PokePay is a custodial Visa crypto card issued by PokePay Technology Co., Ltd. (holding a Hong Kong financial license plus corporate registrations in Canada and Poland), available as a virtual card (~$5 issuance, ~5 EUR) and a physical card (~$88 issuance). Users top up with USDT, USDC, BTC and ETH and spend at the 130M+ Visa merchants worldwide, with a 100,000 HKD daily spending limit. Funds are held by partner banks (custodial model), KYC is mandatory, and there is no cashback (0%). The FX fee is about 1% per transaction and ATM withdrawals cost about 2%; the specific ATM withdrawal limit is not documented by official sources, so it is reported as 0/not available. TODEY flags the team as unverified, so some commercial figures may change.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Account fee | Free |
|---|---|
| Multi-currency | USD, EUR, GBP |
| Network | Visa |
| ATM withdrawal | 2% |
| Free ATM limit | Non documentato dalle fonti ufficiali (limite di spesa giornaliero complessivo 100.000 HKD) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | APAC, US, EEA, UK · 100+ countries |
| Regulator | Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) |
| OAM Italy registration | No |
| Segment | B2C, B2B |
| Funding / solidity | PokePay Technology Co., Ltd. is a private fintech company founded in 2022 and headquartered in Hong Kong, providing crypto Visa card issuance, multi-currency accounts, crypto/fiat conversion and cross-border payments across 100+ countries. |
| MiCA / License status | Hong Kong financial licenseCanada (registrazione societaria)Poland (registrazione societaria) PokePay Technology Co., Ltd. operates under a Hong Kong financial license (MLO) plus corporate registrations in Canada (FINTRAC MSB no. M24040069, Ontario MSB no. 1551116-0) and Poland; custodial model with mandatory KYC, funds held by partner banks. |
Strengths
- Wide Visa acceptance (130M+ merchants) with both virtual and physical cards
- Top-up with major stablecoins and crypto (USDT, USDC, BTC, ETH)
- No monthly or annual fee in the first year
- No notable sovereignty advantage documented.
Weaknesses
- Custodial model: funds are held by partner banks, no self-custody
- No cashback (0%) and non-trivial FX/ATM fees (~1% / ~2%)
- Team flagged as unverified by TODEY and several data points (ATM limit, later-year fees) undocumented
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (PokePay Technology Co., Ltd. operates under a Hong Kong financial license (MLO) plus corporate registrations in Canada (FINTRAC MSB no. M24040069, Ontario MSB no. 1551116-0) and Poland; custodial model with mandatory KYC, funds held by partner banks.): reporting to authorities and freezes on order.
Verdict
Limited protection: issuer holds a Hong Kong license plus MSB registration in Canada (FINTRAC) and corporate registration in Poland, but the model is custodial with funds held by partner banks and the team is flagged as unverified by TODEY.
Low sovereignty: custodial card with mandatory KYC and funds held by third parties, no self-custody or direct key control.
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 PokePay custodial or non-custodial?
It is custodial: funds are held by partner banks and KYC is mandatory to activate the card.
Does PokePay offer cashback?
No, according to available sources PokePay does not offer cashback (0%) nor yield on balances.
Sources
- Official service page Azienda · Network Visa · Crypto supportate · Custodial · +9 Data verified on Jun 23, 2026
- tevau.co Fee emissione carta fisica/virtuale · Commissioni cross-border Data verified on Jun 22, 2026
- todey.xyz Fee emissione · Fx markup · Atm fee · Cashback · +2 Data verified on Jun 22, 2026