What is Pera Card?

What is a Pera Card?

Pera Card is a new way to experience payments on Algorand. With your Pera Card you can use your USDC anywhere that Mastercard is accepted!

Pera Card is a virtual, prepaid Card, that you can sign up for via Apple pay or Google pay.

Note: The Pera Card is issued by Monavate UAB. Please refer to section 3 of the General Terms for further details. Funds loaded onto your Card are not protected by the Financial Services Compensation Scheme.

Before acquiring the card, please read mmersve Terms of Use.

Supported Tokens

The Pera Card supports USDC for daily expenditures on the Algorand network, seamlessly bridging the gap between cryptocurrency and FIAT currency.

How it works

Here's how the Pera Card functions:

• Versatility: Your Pera Card allows for transactions in both physical retail environments and online platforms, anywhere Mastercard cards are accepted. You can use your virtual Pera Card with digital wallets like Apple and Google Pay. This integration facilitates a frictionless transition from digital assets to tangible purchases.
• Empowerment Through Control: With the Pera Card, you are endowed with complete control over your assets. You direct USDC to a smart contract, which allows you to withdraw or deposit at any time, offering you the flexibility to access your funds at your discretion
• Real-Time Conversion: Upon making a purchase, the Pera Card, through Immersve, dynamically converts your USDC into the requisite currency at the point of sale, ensuring your transactions are both secure and instantaneous. This feature not only simplifies the process but also maximizes the utility of your digital currency in the real-world.

The Card cannot be used to make cash withdrawals from any ATM.

Can I sign up for a Pera Card?

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In order to be eligible to sign up for the Pera Card, you must:

• be 18 years of age or over and have full capacity to accept Immersve General Terms and;
• meet all eligibility criteria prescribed by Immersve;
• satisfy any due diligence checks conducted by Immersve, and
• Be a tax resident in the Available countries
  Immersve may refuse to issue you with an Account in its absolute discretion.

The Pera Card is currently in a Beta Phase and only available in selected countries. You can check your countries eligibility here.

If you’re an eligible user, here's how you to sign up:

• Navigate to the 'Card Tab' located within the Pera icon in the wallet app. Select 'Cards' to startthe onboarding journey. For a comprehensive walkthrough, our Getting Started Guide serves as a valuable resource to ensure a smooth integration into the Pera ecosystem.

Updated on: 14/05/2025