For wealth managers, private banks, brokerages and family offices
Your non-resident clients hold millions with you and still cannot get a credit card. We issue one, sized against the assets already on your books. Nothing is pledged or blocked. No balance sheet, no build, no credit risk to you.
Arrange a callThe gap in your own book
Card eligibility is built around residency, an Emirates ID or equivalent, a local credit file and a salary history. None of that describes an internationally mobile client with substantial assets. So a client with millions on deposit is declined, and there is nothing you can do about it from inside your own product set. Meanwhile every liquidity request is a withdrawal request: you tell them to sell, the assets leave the book permanently, and your fee base shrinks with them.
No local residency, no domestic credit file and no salary history required. The limit is sized against the assets these clients already hold with you.
We take no security over client assets and place no hold on them. The assets stay with you, fully accessible to the client, invested and earning your fee throughout.
We carry the exposure, funded by our own facility. You take no credit risk and commit no capital.
Issuance, onboarding, KYC, servicing, collections and support sit entirely with us.
How you earn
Usually the largest line and the easiest to overlook. Assets that would have been liquidated stay on the book, and so does the fee income attached to them.
A share of net interchange on every referred client's spend, for as long as they hold the card. Recurring, and requiring no operational involvement from you.
Paid on each client who takes the card, from the second year onward. Waived for the pilot cohort.
What it's worth
Move the sliders. Everything updates as you go. Figures are illustrative and depend on the terms we agree.
Your revenue share, per year
$0
$0 per month
And on your own book
Capital committed: none. Credit risk carried by you: none.
Illustrative only. Interchange share shown at 0.4% of card spend and the annual fee share at 50% of the $250 fee; final terms are agreed per partner. The annual fee is waived for pilot clients in year one. Retained-asset figures assume clients would otherwise have liquidated the proportion shown and that your fee applies to those assets for a full year. No assets are pledged or blocked at any point.
Ways to work together
The difference is branding and economics, not legal structure. The documentation below is the same either way.
You introduce clients; we onboard and serve them under the XPlace Private brand, on shared economics. This is how most partners begin and what the pilot runs on. The documentation set below is short, because no security agreement is involved.
The programme runs entirely under your brand, with XPlace as the technology and servicing layer behind it. For institutions bringing a substantial book, with economics, service levels and support model agreed accordingly.
What has to be signed
Because we take no charge over client assets, there is no pledge or control agreement to negotiate. That is what makes launch measured in weeks rather than quarters.
We provide first drafts of both. Most legal and compliance reviews take two to three weeks. Clients sign their own cardholder agreement with us directly; your institution is not a party to it.
What we handle
Identity verification, sanctions and source-of-funds screening, all conducted by us through regulated providers.
Virtual card the day a client is approved, physical card by courier. Issued through our licensed card partner under a Visa licence.
Limits sized conservatively against confirmed asset values and reviewed periodically. No margin calls, no enforcement mechanics, nothing for your operations team to monitor.
Statements are issued on the first of each month and balances clear in full on the fifth. No revolving balance and no interest in normal use.
A concierge on WhatsApp, around the clock, in the client's language. Your relationship manager is not the support desk.
A monthly view of referred clients, volumes and revenue share, so you can see the programme without asking.
What we ask of you
A single relationship manager who knows the cohort and can answer a question when it arises.
A confirmation that the client holds assets with you above the agreed threshold, at introduction and periodically thereafter. No hold, no lien, no operational burden beyond a statement.
A confirmation of asset values per referred client, monthly or quarterly. A scheduled file is fine; no API integration is required to begin.
Getting started
A pilot is deliberately small. It exists to show you how the product behaves with your clients before anyone commits to anything larger.
Thirty minutes. We walk through the product, the economics and the mechanics, and you tell us whether the client segment fits.
Master services agreement and introduction terms, reviewed by your legal and compliance teams. We provide first drafts; most reviews take two to three weeks. No security agreement is required.
Five to ten clients onboarded over a few weeks. Annual fee waived for the cohort. Cards issued virtually within a day of approval.
At ninety days we review volumes, credit performance and client feedback together, and decide whether to extend, expand, or stop.
No commitment required
No minimum volume, no fee to participate, and no capital committed. If the pilot does not work for your clients, it ends at ninety days with nothing owed.
Tell us roughly how many clients you think this fits and we will take it from there.
Arrange a call