Gnosis Pay

Its operating company, Gnosis Pay Co Ltd, was incorporated in the United Kingdom on June 7, 2023 as a private limited company, with its registered office in London. Its company number is 14919639.⁠[2]

Gnosis’s 2023 review identified the launch of Gnosis Pay as a major event and described connecting Gnosis Chain with traditional payment systems, stablecoin liquidity and payment applications as an ecosystem priority. Gnosis Pay denotes the payments business and product, distinct from the Gnosis Chain blockchain and the Safe GlobalSafe GlobalSafe (formerly Gnosis Safe) is a smart contract account and multi-signature wallet protocol on Ethereum and compatible blockchains. It began as an internal project at Gnosis, was spun off in 2022, and is stewarded by the Safe Ecosystem Foundation, a non-profit based in Zug, Switzerland, with SAFE token holders participating in governance through SafeDAO; its official wallet interface is Safe{Wallet}. As of the end of June 2026, more than 63 million Safe accounts had been created, holding about $27.2 billion in assets.Open the full entry wallet project.⁠[3][4]

Gnosis reported that its VisaVisaVisa Inc. is one of the world’s leaders in digital payments, with roots going back to 1958, and is headquartered in San Francisco, California.Open the full entry cards launched in the UK and Europe on February 5, 2024. The third quarter brought cashback of up to 5%; GnosisDAOGnosisGnosis is a blockchain project founded in 2015 in the Ethereum ecosystem. It began by developing decentralized prediction markets, later shifted to infrastructure, incubating the multisig wallet Safe, the trading protocol CoW Protocol and the blockchain Gnosis Chain, and operates the crypto payment card Gnosis Pay. It is governed by GnosisDAO, made up of GNO token holders, with Gnosis Ltd as its main development entity; its co-founders include Martin Köppelmann, Stefan George and Friederike Ernst.Open the full entry approved GIP-110 in August with 10,000 GNO in cashback subsidies. A separate Monerium-enabled IBAN beta opened to 700 OG NFT holders. The report recorded over 6,000 unique users, 5,041 activated cards, more than 9,000 weekly transactions and cumulative payment volume above €9.1 million. These were the project’s figures for that period.⁠[4]

UK company records list Stefan David GeorgeStefan GeorgeStefan George is a German blockchain developer and entrepreneur, co-founder and chief technology officer of the Ethereum project Gnosis. The multi-signature wallet he wrote to custody the proceeds of Gnosis’s 2017 token sale later evolved into Safe, and since 2022 he has served on the council of the Safe Ecosystem Foundation.Open the full entry as a director from June 7, 2023 and Friederike Katharina Brigitte Ernst from February 17, 2026. Karan Aswani resigned on the latter date; Marcos de Souza Lima Nunes’s directorship ended on July 23, 2024. These records establish directorships rather than founder status or operational job titles.⁠[5]

On March 19, the company announced a phased Gnosis Ramp beta, connecting fiat and stablecoin ramp providers through one API and sharing KYC/KYB verification through Sumsub. Initial partners were Avenia, Bridge, Latamex and Noah, with initial coverage in Europe, Argentina, Brazil and the United StatesUnited StatesThe United States is a federal country in North America made up of 50 states, the District of Columbia as the seat of government, and territories such as Puerto Rico and Guam; its capital is Washington, D.C. The Continental Congress adopted the Declaration of Independence on July 4, 1776. The 2020 census (April 1, 2020) counted a resident population of 331,449,281, and the 435 seats of the House of Representatives are apportioned among the states on the basis of the census.Open the full entry. Asian and other markets in the announcement were scheduled expansions.⁠[6]

A July 3 post-mortem reported that attackers exploited signature verification in Zodiac’s Delay and Roles modules on June 1, extracting about $1.5 million and leaving another $300,000 inaccessible. The check accepted an ERC-1271 return value without checking call success, allowing a deliberately reverting contract to mimic valid authorization. Card services and related bridging were paused and modules repaired. Gnosis absorbed losses and restored user balances; service had resumed for 99% of users by June 6, with the remainder restored afterward.⁠[7]

On June 23, Opera’s MiniPay wallet launched a digital Visa debit card managed by Gnosis Pay. Monavate provides regulated issuance, users retain self-custody of stablecoins until spending, and merchants receive local currency through Visa. The card supports Apple Pay and Google Pay and serves eligible users in selected EEA, African, Latin American and Southeast Asian markets, rather than every user worldwide.⁠[8]

On September 3, Gnosis Pay announced that it would wind down its direct consumer cards and web app in favor of an enterprise platform already serving partners. Partners determine coverage, rewards and customer experience, with Monavate handling issuance. The platform plans daily grouped settlement instead of individually visible settlements to improve privacy. Rebind was among the first partners to confirm migration.⁠[9]

On November 6, Gnosis Pay disclosed unauthorized access detected on November 3 in its own-branded consumer-card system, exposing some customer information. It said containment began within two hours, followed by credential replacement and remediation. Funds and the enterprise white-label card platform were unaffected. The legacy consumer system had already been scheduled for retirement on December 20. Mandatory 3D Secure was added to all online card payments, and the company contacted affected customers, partners, the issuer and relevant data-protection authorities.⁠[10]

At verification, official documentation described deployment on Celo and Gnosis Chain, multiple stablecoins, EUR/USD/GBP accounts, a sandbox and transaction simulator. The website lists virtual and physical cards, KYC/KYB, risk controls, disputes and clearing. Its UK operating company and Monavate’s issuer role are distinct; these services do not establish Gnosis Pay as a bank.⁠[11][12]