Why the Douugh (ASX:DOU) share price is surging 8% this morning

The Douugh Ltd (ASX: DOU) share price is surging in early morning trade. This comes after the company announced it has launched a new instant virtual card. At the time of writing, the financial wellness app provider’s shares are up 8.1% to 20 cents.

What did Douugh announce?

The Douugh share price is on the move as investors appear pleased with the company’s latest update.

According to this morning’s release, Douugh has launched its instant virtual card push provisioning in partnership with Mastercard.

Push provisioning is a type of technology that allows the user to link their card details within the app to a digital wallet. This…