Royal Mint launches solid gold payments card

Marco Green
October 13, 2019

The payment card of pure gold is intended for those who want access to exclusive banking privileges and for those who value high-quality luxury goods.

Mastercard said the cards are part of an account called Raris and will be engraved with the customer's name and signature.

The Royal Mint has today announced production of the world's first hallmarked precious metals payment card in association with Mastercard and Accomplish Financial.

Dubbed "the world's first hallmarked precious metals payment card", the new Raris debit card is part of a growing trend in ultra-premium card formats.

The account benefits from limitless spending and zero foreign exchange or transaction fees.

The UK's Royal Mint has produced its first payment card which is made from real gold.

After buying a card, customers automatically become Raris account-holders with Mastercard.

Mark Barnett, president, United Kingdom and Ireland at Mastercard said: "This is a really exciting project, joining the outstanding heritage of The Royal Mint - 1,100 years of engineering and artistic expertise - and Mastercard's focus on payment innovation and security, together with our worldwide acceptance network". It combines the outstanding heritage of The Royal Mint and Mastercard's focus on payment innovation and security.

'Accomplish Financial ensures that the Raris card provides the flawless link between that heritage and the digital world'. We are honoured to have brought together The Royal Mint and Mastercard. He said it was a challenge to conform the cards to payment systems, adding that, like other metal cards, the new gold cards won't work with contactless technology.

The Royal Mint, which has minted coins in England for over 1,100 years, developed the card with Mastercard and Accomplish Financial, a service provider for electronic payments.

Made of 18-karat gold, this is the first hallmarked payment card made of precious metal, the UK's Royal Mint, which is producing the card, said in a statement Friday.

Other reports by Click Lancashire

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