Swiss negobank Yapeal has launched its business, based on its digital wallet. Clients will be issued with a debit card of a major card provider.

Swiss neobank Yapeal has come true to its word and opened for service before the summer holidays. The first Swiss fintech equipped with a Finma license has signed a deal with U.S. giant Visa, according to a statement released on Monday.

The fintech will give customers the first ever debit card issued by Visa in Switzerland. Yapeal will link a bank account via an app to the card. The IBAN can be personalized and clients can shop via smartphone or smartwatch contactless.