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Sure. You just need to connect a processor, run KYC, KYB and sanctions, meet Visa's scheme rules, reconcile stablecoin settlement, form an agreement with a card issuer, wire up fiat rails, build refund and dispute handling...
Or: one API.
Gnosis Pay
Self-custodial Visa infrastructure, with its direct consumer card closing December 20, 2026
2.5/ 5
Our score
Weak
Card issuance fee
Free
Foreign exchange fee
0%
Top-up networks
CeloGnosis Chain
Card network
Visa
What is Gnosis Pay?
Gnosis Pay is self-custodial Visa debit card infrastructure that connects stablecoins held in Safe smart accounts to everyday payments. Its direct consumer card and web app close on December 20, 2026, at 23:59 UTC, while partner-operated card infrastructure continues. The business now focuses on white-label programs.
Company and card issuer
The UK-registered Gnosis Pay Co Ltd trades as Gnosis Pay. Monavate Limited issues the debit card under licence from Visa Europe Limited and is an Electronic Money Institution regulated by the Financial Conduct Authority. Monavate's registration number is 901097.
Custody and spending
Safe accounts hold funds under self-custody. Each spending account links to a Safe and a configured token, with authorization to spend that token for card payments. The consumer card supports spending EURe, GBPe and USDC directly from a Safe, alongside Apple Pay and Google Pay.
Virtual and physical cards remain supported. Current account documentation lists Celo with USDC and USDT, and Gnosis Chain with EURe, GBPe and USDCe. Partner APIs cover account creation and card management, while the payment system handles authorization and Visa settlement. Fiat rails include EUR IBAN and BRL Pix integrations.
Fees and eligibility
The consumer card has no purchase or annual fee, and card ordering and physical delivery are free. Card-purchase gas is sponsored. Foreign exchange carries a 0% Gnosis Pay markup, with Visa exchange rates applied, while replacement including shipping costs 4.99 EURe/GBPe/USDCe.
ATM withdrawals are free up to 5 withdrawals or 200 EURe/GBPe/USDCe per month, whichever comes first. Additional withdrawals cost 2%. The card works in 30+ EEA countries, and registration requires identity verification through Sumsub, including residence eligibility checks. Partner programs have custom commercial terms and can charge optional fees such as FX fees.
Track record and limitations
Picnic was its first Latin American partner. Its card launched in Brazil in May 2025.
On June 1, 2026, attackers exploited a vulnerability affecting the card infrastructure's Delay Module and Roles Module. Treasury manager NOCA detected the attack. Gnosis Pay identified the root cause within two hours, and in July 2026, Gnosis reported absorbing the losses and restoring all affected user funds.
Cardholders received the consumer closure notice on September 21, 2026. The legacy GNO cashback program ended September 30, 2026. Safe balances remain self-custodial and withdrawable after closure, but card payments still depend on the issuer and program operator. The June exploit exposed smart-contract risks associated with account spending permissions.
Best for:Wallets launching branded Visa cardsFintechs integrating self-custodial stablecoin paymentsExisting cardholders spending before closure
Pros and cons
Pros
- Spends EURe, GBPe and USDC directly from a self-custodial Safe account
- Supports Apple Pay and Google Pay
- Consumer card charges 0% FX markup, with Visa exchange rates applied
- Blockchain gas for consumer card purchases is sponsored
- Partner infrastructure supports branded virtual and physical Visa cards
Cons
- Direct consumer card and web app close December 20, 2026
- Legacy GNO cashback program ended September 30, 2026
- June 1, 2026 module exploit affected card Safes; affected funds were restored in July
- Registration requires Sumsub identity verification and residence eligibility checks
- Self-custody does not remove dependence on Monavate and the card program operator
Our review
2.5/5
Weak
Gnosis Pay combines self-custodial stablecoin spending with low card fees, but its direct consumer card closes in December 2026 and its infrastructure has suffered an exploit.
Gnosis Pay's main advantage is spending stablecoins from a self-custodial Safe account rather than depositing them into a card provider's custodial balance. Its immediate drawback is closure: cardholders were notified on September 21, 2026 that the direct consumer card and web app will stop working on December 20, 2026 at 23:59 UTC. Partner-operated card infrastructure continues. The direct card therefore has only short-term use for existing holders and cannot support recurring payments beyond closure.
Costs are a clear strength against cards with issuance charges or provider FX markups. Consumer card ordering and delivery are free, purchases carry no fee, and the annual fee is zero. Gnosis Pay adds no FX markup, although Visa exchange rates apply. Purchase gas is sponsored. ATM access is less generous: up to 5 withdrawals or 200 EURe/GBPe/USDCe per month are free, whichever comes first, followed by 2% per additional withdrawal. Replacement including shipping costs 4.99 EURe/GBPe/USDCe. Partner-program pricing is separate from these consumer terms.
Apple Pay and Google Pay support make everyday checkout practical. The card works in 30+ EEA countries, but merchant acceptance does not mean worldwide registration eligibility. Sumsub identity verification is required. Spending EURe, GBPe and USDC directly from a Safe requires comfort with on-chain accounts; the product is not a conventional bank account with card access. The legacy GNO cashback program ended on September 30, 2026.
The operator is UK-registered Gnosis Pay Co Ltd. Monavate Limited issues the debit card under licence from Visa Europe Limited and is an FCA-authorised electronic money institution. The card infrastructure suffered a serious security failure. Attackers exploited its Delay Module and Roles Module on June 1, 2026. Treasury manager NOCA detected the attack, and Gnosis Pay identified the root cause within two hours. Gnosis reported in July that it absorbed the losses and restored all affected funds.
The exploit demonstrates the smart-contract exposure that remains with self-custody. Card payments also depend on the program operator. Partner apps now determine the continuing customer experience under their own commercial terms, while holders retain control of their Safe balances and withdrawal access after the direct service closes.
Fees & limits
| Card type | Debit |
|---|---|
| Card network | Visa |
| Card format | Virtual, Physical · unverified |
| Custody | Self-custodial |
| KYC required ⓘ | Yes · unverified |
| Card issuance fee | Free · unverified |
| Annual fee | Free · unverified |
| Foreign exchange fee | 0% · unverified |
| ATM withdrawals | Consumer card: up to 5 free withdrawals or 200 EURe/GBPe/USDCe per month, whichever comes first; 2% per additional withdrawal. · unverified |
| Available in | Europe (EEA) · unverified |
| Spendable assets | EURe, GBPe, USDC, USDCe, USDT · unverified |
| Top-up networks | Celo, Gnosis Chain · unverified |
| Spend stablecoins | Yes · unverified |
| Apple Pay | Yes · unverified |
| Google Pay | Yes · unverified |
| Perks | Sponsored blockchain gas for consumer card purchases, Free consumer card delivery · unverified |
| Card issuer | Monavate Limited · unverified |
Not disclosed by the provider: Business card, Max cashback, Rewards paid in, Staking needed for top rewards, Welcome bonus, Monthly fee, Top-up fee, Crypto conversion spread, Daily spending limit, ATM withdrawal limit, Not available in, Card currencies, Good for, Virtual card fee, Referral program.
Data from the provider's website and public sources, checked Oct 16, 2026. Fees and availability change; confirm on the official site before you sign up.
Key features
Safe account spending
The consumer card spends EURe, GBPe and USDC directly from a self-custodial Safe account. Each account has a configured spending token.
Mobile wallet payments
The card supports Apple Pay and Google Pay for mobile payments.
Visa currency conversion
Consumer card foreign exchange uses Visa exchange rates with a 0% Gnosis Pay markup.
ATM cash withdrawals
Consumer cards allow up to 5 free withdrawals or 200 EURe/GBPe/USDCe monthly, whichever comes first. Additional withdrawals cost 2%.
Multichain partner accounts
Partner account documentation supports USDC and USDT on Celo, plus EURe, GBPe and USDCe on Gnosis Chain.
Branded card programs
Partners can issue virtual and physical cards through APIs covering onboarding, account creation and card management.
Integrated identity checks
Sumsub handles required identity verification. Partners can share verified KYC within Sumsub between their instance and Gnosis Pay.
Inside Gnosis Pay
Safe Protocol
Safe Smart Accounts hold users' funds under self-custody. Card programs can configure spending limits and allowances.
Authorization Engine
This component handles real-time transaction approval and currency conversion. It also supports T+1 settlement with the Visa network and automated reconciliation.
KYC/AML
Integrated Sumsub verification checks identity and registration eligibility. Partners can share existing verification within Sumsub through the supported KYC-sharing flow.
Local Integrations
The platform connects fiat accounts with stablecoin rails, including EUR IBAN and BRL Pix integrations. Its advertised corridors cover USD, EUR, GBP, BRL and ARS.
Startup
This custom-priced program provides branded virtual and physical cards for early-stage wallets and fintech teams. Agreements start from 2 years, and partners can earn from transactions and optional fees such as FX.
Enterprise
This custom-priced program offers a dedicated BIN and premium card options for higher-volume operators. It includes custom integrations and a dedicated support team under a 3-year agreement.
Gnosis Pay screenshots
What users say about Gnosis Pay
Comments highlight Gnosis Pay’s infrastructure approach and its handling of card-program operations. Other comments raise concerns about support responsiveness, refunds, app quality, and card replacement timelines.
In their own words
“The ongoing operations piece is what stands out here. Launching a card is one milestone; managing issuing, compliance, and disputes is a continuous job. Great to see that built into the offering 👏”
“Held €6M and moved €30M is the useful split. Balances sitting in an app are not the same as money that actually cleared at a merchant”
“Sounds amazing! I want to provide this for my users too! We currently only little above 200 MAU but keep growing. I applied multiple times on your website using the form but I got no feedback at all. I mean literally no feedback. No rejection no nothing Please help”
“Tenho cartão de vocês pela PicNic aqui no Brasil. Fiz compra no início do mês passado, cancelada no mesmo dia. Estou quase dois meses esperando reembolso que deveria ser em até 12 dias. Estou me sentindo roubado. Google Pay e loja confirmaram reembolso, porém não foi creditado.”
Based on 25 X replies from the last 12 months, checked Oct 17, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Gnosis Pay? Share your experience below.
FAQ
Who runs Gnosis Pay?
Gnosis Pay is operated by Gnosis Pay Co Ltd, a UK-registered company with company number 14919639. Monavate Limited issues the debit card under licence from Visa Europe Limited.
When is the Gnosis Pay card closing?
The direct consumer card and web app are scheduled to stop working on December 20, 2026 at 23:59 UTC. Holders retain control of their Safe balances and withdrawal access, while infrastructure for partner-operated card programs continues.
What fees does Gnosis Pay charge?
The consumer card has free ordering and delivery, no annual or purchase fee, and 0% Gnosis Pay FX markup, with Visa exchange rates applying. ATM withdrawals are free up to 5 withdrawals or 200 EURe/GBPe/USDCe per month, whichever comes first; each additional withdrawal costs 2%. A replacement including shipping costs 4.99 EURe/GBPe/USDCe.
Where does Gnosis Pay work, and does it require KYC?
The card works in 30+ EEA countries, and onboarding requires identity verification through Sumsub. Registration eligibility depends on country of residence, and the card supports Apple Pay and Google Pay.
Is Gnosis Pay self-custodial, and has it been hacked?
Gnosis Pay uses self-custodial Safe accounts, but its card infrastructure suffered an exploit affecting the Delay Module and Roles Module on June 1, 2026. NOCA detected the attack, and Gnosis Pay identified the root cause within two hours. Gnosis reported in July 2026 that it absorbed the losses and restored all affected customer funds.
Which stablecoins does Gnosis Pay support, and does it still pay GNO cashback?
The direct card supports spending EURe, GBPe and USDC from a Safe account, while its legacy GNO cashback program ended on September 30, 2026. Current infrastructure documentation lists USDC and USDT on Celo, plus EURe, GBPe and USDCe on Gnosis Chain. Each provisioned account is configured with a spending token and a linked Safe.
Latest from Gnosis Pay on X
Great article around changes and choices in the Brazilian crypto market.
@usePicnicBR, we're glad you chose the partner path.
@usePicnicBR, we're glad you chose the partner path.
Picnic @usePicnicBR was the first Gnosis Pay partner in Latin America. The card went live in Brazil in May 2025.
Today more than 60,000 people in Brazil use the app, and last month Picnic relaunched as a Global Account: reais, dollars, euros and crypto in one place, with the card on top.
Let's have a look at what Picnic is and why Brazil turned out to be such a good fit 👇
Today more than 60,000 people in Brazil use the app, and last month Picnic relaunched as a Global Account: reais, dollars, euros and crypto in one place, with the card on top.
Let's have a look at what Picnic is and why Brazil turned out to be such a good fit 👇
Bringing crypto closer to mainstream finance means making sense of risk in a practical way. That's why we partner with @elliptic.
In digital assets, risks move quickly. Reliable data lets us identify early patterns, make better decisions and create stronger controls, and Elliptic is where that data comes from:
🛡️ Wallet and transaction risk assessed across every card and account we run for partners.
🛡️ Configurable controls that flag and escalate high-risk activity automatically, without slowing down everyday payments.
🛡️ A compliance foundation partners can build on as they launch new card programs, currencies and markets.
It lets us keep moving fast, with the confidence that we're identifying and addressing the right risks.
In the words of our MLRO, Caio Beck: "Elliptic has been instrumental in the success of our blockchain monitoring program".
Every partner program on @GnosisPay starts with that monitoring already switched on ✅
In digital assets, risks move quickly. Reliable data lets us identify early patterns, make better decisions and create stronger controls, and Elliptic is where that data comes from:
🛡️ Wallet and transaction risk assessed across every card and account we run for partners.
🛡️ Configurable controls that flag and escalate high-risk activity automatically, without slowing down everyday payments.
🛡️ A compliance foundation partners can build on as they launch new card programs, currencies and markets.
It lets us keep moving fast, with the confidence that we're identifying and addressing the right risks.
In the words of our MLRO, Caio Beck: "Elliptic has been instrumental in the success of our blockchain monitoring program".
Every partner program on @GnosisPay starts with that monitoring already switched on ✅
Users with a card tend to come back way more often.
Here's a data we see in Gnosis Pay card program:
📈 82.6% week-over-week customer retention.
📈 54% of users interacting with the wallet 1.27 times a day.
The most engaged cardholders spend on average $11,461 a month.
A card program fixes the last mile, so your users can spend their stablecoin balances in their local market.
Here's a data we see in Gnosis Pay card program:
📈 82.6% week-over-week customer retention.
📈 54% of users interacting with the wallet 1.27 times a day.
The most engaged cardholders spend on average $11,461 a month.
A card program fixes the last mile, so your users can spend their stablecoin balances in their local market.
Recent public posts from @gnosispay, shown as published. Not reviewed or endorsed by CryptoReview.
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