LocalCard Information

LocalCard is a programmable money platform that enables organisations to issue digital Visa prepaid cards with complete control over when, where and how money can be spent. Businesses can configure merchant restrictions, geographic controls, spending limits and expiry rules while receiving detailed reporting and a full refund of unused promotional card balances. A fintech built on embedded finance that enables businesses to program money — giving organisations control over when, where and how funds are spent. While gift cards are one application, we see programmable money as a much larger category with use cases across promotional campaigns, travel disruption payments, employee incentives, customer rewards and real-time disbursements. Our platform enables businesses to create intelligent payment experiences with rules, restrictions and automation built directly into the funds themselves — including merchant controls, geographic restrictions, expiry logic and real-time reporting — while refunding 100% of unused balances back to the client. We believe the global gift card market is just the starting point. The market was valued at approximately US$900 billion in 2022 and is projected to exceed US$2 trillion by 2030, driven by the rapid growth of digital wallets and embedded finance. Despite its scale, the industry still operates on outdated infrastructure and misaligned incentives: • Billions of dollars remain unused each year through breakage • Redemption experiences are often clunky and fragmented • Most products offer limited personalization or control • Traditional gift cards were never designed for modern digital payments or programmable commerce We believe programmable money will redefine how businesses distribute, control and track funds in the same way cloud software transformed traditional enterprise systems.