Nexo Expands Card Services to Switzerland and Andorra Amid Growing Demand

Key takeaways

• Nexo Card is now available in Switzerland and Andorra, increasing its presence across European markets.
• The card allows users to leverage stablecoins for payments while securing over $1.3 billion in BTC and ETH.
• Nexo plans to introduce new features in 2025, including cashback on debit transactions and exclusive subscription rebates.

Nexo Card reaches new European markets

Nexo, a digital asset wealth platform, has expanded its Nexo Card services to Switzerland and Andorra. This expansion is part of the company’s 2025 Growth Plan, reflecting increased demand for flexible and crypto-powered payment solutions across Europe.

Nexo has evolved. Last year we began a unique journey, creating a new segment in digital finance for long-term wealth builders.

This year will be our biggest one yet, with an ambitious lineup of initiatives to redefine industry standards and push the boundaries of what is… pic.twitter.com/Qs6vIHUVcE

— Nexo (@Nexo) January 15, 2025

The Nexo Card integrates both debit and credit functionalities, allowing users to leverage stablecoins for transactions while maintaining their crypto holdings. With a 62% adoption rate among eligible users in the European Economic Area (EEA), the card has facilitated nearly $6 million in cashback rewards while safeguarding over $1.3 billion in Bitcoin (BTC) and Ethereum (ETH) from market sales.

The card also provides secure, cross-border access to funds, offering personal USD, GBP, and EUR accounts for added convenience.

Industry recognition and upcoming features

The Nexo Card has gained industry recognition, earning the title of "Most Exciting Payments Solution of 2025" at the INATBA Awards, supported by the European Commission. It was also named Consumer Payments Innovation Award winner at the 2024 FinTech Breakthrough Awards.

Looking ahead, Nexo plans to roll out additional card features in 2025, including:

• Cashback in debit mode—introduced as debit transaction volumes continue to rise.
• Subscription rebates—offering exclusive discounts for cardholders.
• Luxury brand collaborations—expanding the card’s presence in premium markets.

These enhancements build on Nexo’s rapid growth, with the card’s first-time user transaction volume increasing by 200% year-over-year.

The bottom line

Nexo’s expansion into new European markets underscores its commitment to offering flexible digital payment solutions. With new features on the horizon, the Nexo Card continues to evolve, providing users with more ways to manage and utilize their digital assets.

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