“Can a closed-loop Dutch mobility platform evolve into a pan-European Mobility + Payments network via open-loop card issuing?”
Shuttel is a Dutch Mobility-as-a-Service provider and joint venture of Pon and Volkswagen Financial Services. Originally focused on domestic mobility solutions in the Netherlands, Shuttel partnered with PaymentGenes and Enfuce to launch an open-loop mobility card, extending its closed-loop product into the broader payments ecosystem to support international business travel and new MaaS verticals.
Shuttel discloses Enfuce as its banking provider, according to the Embedded Finance Index 2026.
Shuttel does not disclose a bank charter of its own; its banking services are provided through Enfuce.
Shuttel's cards are issued through Enfuce.
The Embedded Finance Index 2026 maps 2 layers in Shuttel's stack: Banking / BaaS (Enfuce); Card issuing (Enfuce).
Shuttel is headquartered in Netherlands.
Get a read on where your own stack stands against Shuttel and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.