Remis advertises local merchant benefits; crypto rewards are still future
Remis currently advertises local merchant benefits such as coffee and health-insurance offers. Its homepage labels buy-now-pay-later with crypto rewards as coming soon, so the directory treats that as a future product feature rather than active card cashback or crypto funding.
Remis terms identify Volcan as issuer and app balance as card funding
Remis's terms say the virtual and physical prepaid Mastercard is issued by Volcan Nicaragua S.A. under Mastercard licence and card spending draws from the Remis app balance. They also state that users must be adults with valid identity documents and that issuer card terms govern use.
Remis's fee table is dated and does not list card issuance
The terms page is marked updated October 2024, but the prepaid-card fee table says it took effect June 15, 2023. It lists US$0 account setup and monthly fees, plus US$2.75 per ATM withdrawal in or out of network; out-of-network operators may charge separately. It has no card-issuance price, so verify virtual/physical issuance and current rates in-app.
The Central Bank of Nicaragua lists REMIS, S.A. under licence BCN-L-PSP-015-2025 for payment-order execution, electronic foreign-exchange services, e-money issuance and administration, and payment-instrument issuance. This is Remis's own payment-fintech authorization.
BCN authorizes Volcan Nicaragua to issue payment instruments
The Central Bank of Nicaragua lists Volcan Nicaragua, S.A. under licence BCN-L-PSP-017-2025, with authorization specifically for payment-instrument issuance.
Current product page describes the Remis wallet/remittance service and Mastercard acceptance, including ATM access. It advertises local merchant benefits and labels crypto-reward buy-now-pay-later as a future feature, not a live card reward. The page does not document direct crypto or stablecoin card funding.
The terms page is marked updated October 2024. It describes virtual and physical prepaid debit Mastercard cards funded from the Remis app balance, issued by Volcan Nicaragua S.A. under Mastercard licence, and available to adults with valid identity documents. Its fee table is effective June 15, 2023: account setup and monthly fees are US$0 and ATM withdrawals are US$2.75 in or out of network; an out-of-network ATM operator may also charge. The table does not list a card-issuance price, fees may change, and the issuer's card terms prevail. It does not document crypto or stablecoin funding.
The BCN provider profile lists REMIS, Sociedad Anonima (commercial name REMIS) under licence BCN-L-PSP-015-2025 for payment-order execution, electronic foreign-exchange transactions, electronic-money issuance and administration, and payment-instrument issuance.