KuCoin and Mastercard Partner to Launch Crypto Payments Card in Australia

Highlights:

• KuCoin and Mastercard have partnered to enable direct crypto payments for Australian users.
• KuCard allows users to pay with stablecoins at checkout with instant conversion.
• KuCoin has expanded into Australia with KuCard under AUSTRAC’s existing payment systems.

KuCoin and Mastercard have partnered to enable direct crypto payments through the KuCard rollout in Australia. The company launched KuCard in Australia to allow eligible users to spend digital assets in everyday retail and online payments. Australian users can now pay with USDC at checkout at global merchants that accept Mastercard payments.

KUCOIN AND MASTERCARD LAUNCH DIRECT CRYPTO PAYMENTS IN AUSTRALIA@Kucoincom has officially launched the KuCard in Australia, enabling direct $USDC payments across @Mastercard’s global merchant network.

The integration features real-time conversion at the point of sale,… pic.twitter.com/I1CnCTmvPB

— BSCN (@BSCNews) April 24, 2026

Moreover, KuCard supports 37 USDC trading pairs at launch, allowing users to fund payments with multiple supported crypto assets. The system allows users to select supported assets linked to USDC value when making payments. At the same time, KuCard operates as a physical card and a digital wallet for users in Australia.

In addition, users can access KuCard through Apple Pay and Google Pay for in-store and online payments. KuCard is connecting users to millions of merchants worldwide through Mastercard’s global payment network. This access allows users in Australia to spend digital assets at retail stores and online platforms that accept Mastercard.

Furthermore, KuCoin serves over 40 million users across more than 200 countries, supporting its expansion of KuCard in Australia. KuCoin will use its global user base to expand crypto payment services into real-world transactions. KuCard allows users to spend digital assets during payments instead of holding them as long-term investments.

KuCoin and Mastercard Partner to Enable Real-Time Crypto Payments at Checkout

KuCoin and Mastercard partnered to allow users in Australia to make real-time crypto payments at checkout through KuCard. The system allows users to pay with crypto while merchants receive fiat currency instantly through Mastercard settlement. Merchants do not handle crypto because the system converts digital assets into fiat during each transaction.

Moreover, KuCoin is working with Immersve, a Mastercard principal member, to manage the payment infrastructure. Immersve acts as the issuing partner and connects KuCard to Mastercard’s global payment network. This setup ensures KuCard transactions process smoothly in regions where Mastercard supports payment services.

At checkout, the system converts crypto into fiat instantly to complete each transaction. Users do not convert funds manually because the system performs automatic conversion during payment. This process completes transactions instantly by converting crypto into fiat during each purchase.

In addition, the payment flow follows standard card processes, allowing users to complete payments using familiar steps. Merchants receive fiat payments through existing Mastercard systems without changing their infrastructure. The system connects crypto assets with traditional finance by settling payments in fiat through Mastercard’s network.

KuCoin Runs KuCard in Australia With Full Compliance

KuCoin will operate KuCard in Australia after it secured registration with AUSTRAC. Prajit Nanu, CEO and Founder of Nium, said, “The future of money movement is multi-rail. Fiat and onchain infrastructure will increasingly work together, not in isolation. This partnership makes that future operational today by giving users a single platform to send, receive, and spend stablecoins at scale.”

KuCoin previously launched a crypto in Europe using Visa before expanding the service to Australia. In a related development, OKX launched a new stablecoin payment card across Europe that allows users to spend stablecoins at merchants that accept Mastercard.