EU CRYPTO CARDS · GNOSIS PAY · LAST VERIFIED
Who issues the Gnosis Pay card in the EU, and what protects your money?
The Gnosis Pay card is a crypto-funded Visa card. The brand on the front is Gnosis Pay; the entity that actually issues it and safeguards your balance is UAB Monavate. Here is the full mapping.
The Gnosis Pay card is issued by UAB Monavate, regulated by the Bank of Lithuania (Lietuvos bankas).
| Card product | Gnosis Pay Visa Card |
|---|---|
| Card status (EEA) | Live - available to EEA residents |
| Issuing entity | UAB Monavate |
| Issuer jurisdiction | Lithuania |
| Issuer regulator | Bank of Lithuania (Lietuvos bankas) |
| Card network | Visa |
| BIN sponsor / principal | UAB Monavate (Visa principal) |
| EEA availability | Available to EEA residents as a self-custodial Visa debit card settling from an on-chain account. |
Source: Gnosis Pay - Monavate Cardholder Terms (EEA), issuer-published. Verified 30 June 2026.
Who issues the Gnosis Pay card and who regulates them?
The Gnosis Pay Visa Card is issued by UAB Monavate, incorporated in Lithuania and regulated by the Bank of Lithuania (Lietuvos bankas). For EEA residents the card is issued by UAB Monavate, authorised by the Bank of Lithuania to issue electronic money and provide payment services, and a Visa principal member. The euro balance (EURe) is issued by Monerium EMI ehf, an electronic money institution authorised by the Central Bank of Iceland.
The card runs on the Visa network, with UAB Monavate (Visa principal) as the issuing principal. Gnosis Pay itself acts as the programme manager and distribution channel: it builds the app, runs the crypto-to-euro conversion and sets the rewards, while the regulated issuing of electronic money sits with the EMI named above. You can confirm the issuer independently in the EBA EUCLID register.
Is the Gnosis Pay card available to EEA residents right now?
Available to EEA residents as a self-custodial Visa debit card settling from an on-chain account.
Unlike the exchange-linked cards, Gnosis Pay is self-custodial: spend is settled from an on-chain Safe account holding EURe rather than from a balance held by the programme manager. The EURe e-money issuer (Monerium EMI ehf) and the card issuer (UAB Monavate) are distinct authorised entities.
What protects your money on the Gnosis Pay card?
The fiat balance behind the Gnosis Pay card is held by UAB Monavate, the issuing Electronic Money Institution, not by the crypto brand. Under Article 7 of Directive 2009/110/EC the issuer must safeguard that balance, either by segregating it in a separate account at a credit institution, or by holding an equivalent insurance policy or guarantee.
EMI safeguarding is not the same as bank deposit insurance. The EUR 100,000 Deposit Guarantee Scheme that covers bank deposits does not apply to an e-money balance. If you want to confirm the issuer is authorised, search its name in the EBA EUCLID register. We explain the difference in full on EMI vs bank protection.
Does spending crypto on the Gnosis Pay card trigger tax?
Spending crypto on the Gnosis Pay card is, in most EU member states, a disposal of the crypto-asset at the moment of the transaction. That can trigger a capital-gains calculation against your cost basis, even for small everyday payments, because the card converts crypto to euro at the point of sale.
From 1 January 2026 the DAC8 directive (Directive (EU) 2023/2226) obliges crypto-asset service providers to report transactions to tax authorities, so your card spending becomes visible to your tax office automatically. The practical takeaway is record-keeping, covered on crypto card vs regular debit card.
Fees and rewards for the Gnosis Pay card
These are the Gnosis Pay card's published commercial terms. Every figure below shows where it came from: hover or tap the question mark to read the issuer's exact wording and open the source document. A "two-source verified" figure was confirmed in two independent issuer documents; "stated by issuer" means we found it in one. Anything we could not confirm, or where the issuer's own documents disagreed, reads "Not confirmed".
Fee data last checked 2026-06-29. Figures are the issuer's own published terms; confirm current terms before relying on them.
Frequently asked questions about the Gnosis Pay card
Who issues the Gnosis Pay card?
The card is issued by UAB Monavate, an entity regulated by the Bank of Lithuania (Lietuvos bankas) in Lithuania. Gnosis Pay is the programme manager, not the issuer of record.
Is the Gnosis Pay card balance protected like a bank account?
Not in the same way. A bank deposit is covered by the EUR 100,000 Deposit Guarantee Scheme; an e-money balance is safeguarded under Article 7 of the E-Money Directive instead. The two regimes differ in coverage, speed and limits. See our EMI vs bank protection explainer.
Does the Gnosis Pay card mean Gnosis Pay is regulated for everything it does?
No. A card issuer authorisation is specific to issuing electronic money. It says nothing about whether the brand is authorised for spot crypto trading (MiCA) or crypto derivatives (MiFID II). Those are separate authorisations, often held by separate legal entities. Check each role separately.
How does The Crypto Register verify a card's issuer?
We map each card to its issuing Electronic Money Institution using the card's own published terms, then cross-check the issuer in the EBA EUCLID register and the relevant national register. Our methodology describes the process. Corrections welcome at our contact page.
Sources cited on this page
The issuer and authorisation facts on this page are verified against primary sources per our methodology. The fees and rewards above are the issuer's own published figures, each shown with the document and exact wording it came from; they change frequently, so confirm the current card terms before relying on them. Corrections welcome at our contact page.