NextPlay Technologies, Inc. announced that NextBank International, the international banking unit of its fintech division, has partnered with TruCashGroup of Companies Inc., a leading global payments provider, to launch NextBank Payments, which will include (but not be limited to) Mobile Wallets, Mobile Payments, Credit cards, Debit Cards, and Prepaid products. In addition, NextBank will have the opportunity to offer NextBank's international banking services to TruCash's millions of account holders worldwide. Through its unique partnerships with top global networks, TruCash provides customized prepaid Visa® card solutions that offer a full range of payment options, benefits and rewards.

TruCash will provide NextBank a comprehensive mobile wallet, which will include (but not be limited to) a debit and credit card infrastructure, which will include the implementation and management of loyalty programs for credit card issuance, merchant acquiring services and worldwide remittance services. NextBank operates under a special license that permits banking for customers around the world in multiple currencies. The partnership with TruCash will enable NextBank to issue cards to customers in nearly every country around the globe, further expanding NextBank's services.

NextBank plans to offer its new credit card services to partners throughout the world, such as under the recently announced agreement for members of the ABCC cryptocurrency exchange. Once implemented, Crypto exchange and other digital economy companies and their customers will be able to establish credit card and other accounts with NextBank, where they will be able to bank in fiat (government issued) currencies and easily move between fiat and their crypto assets. The new partnership will also involve NextBank providing TruCash customers depository services (subject to customary compliance requirements), as well as commercial loans, residential mortgage loans, micro loans and wire transfers.

Revenue generated by such transactions will be split between NextBank and TruCash.