Enfuce Enters Belgium and Luxembourg With Monizze to Launch Open-Loop Employee Benefit Cards

Enfuce, Europe’s card issuing and processing powerhouse, has entered the Belgian and Luxembourg markets through a new partnership with Belgian fintech Monizze, member of the Up Group.

Together, they have launched open-loop employee benefit cards in Luxembourg and are working on hybrid closed- and open-loop employee benefit cards in Belgium, marking a strategic shift for Monizze from closed-loop only to both closed- and open-loop infrastructure, and a key milestone for Enfuce’s rapid expansion across Europe and beyond.

The partnership represents a major market entry for Enfuce in the Benelux region, reinforcing its mission to modernise the employee benefits space with scalable, future-ready solutions. Powered by Enfuce’s modular platform, the new Monizze cards offer real-time spend controls, fraud protection, and digital wallet integration. For users, this means true freedom and convenience as benefits can be used seamlessly across a wide network of merchants, online and in-store.

For Monizze, this open-loop upgrade unlocks the capability to affiliate any merchant to the Employee Benefits program, offering a wider network to the users. For Enfuce, it demonstrates continued momentum in reshaping the European employee benefits space.

The launch follows a series of recent international rollouts by Enfuce, including market entries in Brazil (with Swile), Italy, and Germany. With Monizze, Enfuce continues to expand its footprint across key regions, bringing cutting-edge payment solutions to new markets at pace.

As open-loop solutions become mainstream in employee benefits, the Enfuce–Monizze collaboration signals a clear shift toward more intelligent, inclusive, and user-centric financial experiences across Europe.

Denise Johansson, Co-Founder & Co-CEO of Enfuce says: “Belgium and Luxembourg are important milestones in our European growth journey. This launch with Monizze gives us our first live customers in the Benelux region and proves how quickly our platform can stand up new markets end-to-end – from compliance and issuing to digital wallets – so our customers can scale across borders without rebuilding their infrastructure every time.”

Monika Liikamaa, Co-Founder & Co-CEO of Enfuce says: “With Monizze, we’re not just entering new markets, we’re helping redefine what modern employee benefits look like. By bringing our open-loop expertise to Luxembourg and Belgium, we’re enabling more flexible, inclusive and scalable benefit solutions that work for employers, merchants and, most importantly, employees themselves.”

Sébastien Couturiaux, CTIO of Monizze, says: “We chose Enfuce for their proven ability to deliver large-scale open-loop migrations with speed, precision and reliability. Their deep expertise in the employee benefits space, demonstrated through successful partnerships, gave us full confidence in their ability to support our ambitions. We’re excited to continue shaping the future of employee benefits together.”

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