AstroPay debuts new prepaid Mastercard for Brazilian market
Deal is the latest in a series of company LatAm expansion plans.
Payments supplier AstroPay has launched a Mastercard prepaid card option in Brazil.
AstroPay customers throughout the region can use the card without additional fees, for ‘instant access to funds anywhere that accepts Mastercard.’
AstroPay CTO & Chief Product Officer Guillermo Dotta said: “When it comes to digital money and fintechs, Brazil is one of the most advanced countries in the world, and the partnership with Mastercard honours our long-standing commitment to Brazilians to deliver the simplest solutions to handle money in the most secure and simple way.
“As we keep on building a strong community of consumers, our focus remains to continue innovating to adapt and streamline payment solutions such as cards into our overall product offering to ensure that the needs of our users are not only met but exceeded.”
Thiago Dias, Fintech and Enablers Vice President, Mastercard Latin America and Caribbean, said the company is excited to partner with AstroPay.
Dias commented: “As the partner of choice for fintech companies, Mastercard is pleased to work with AstroPay to provide innovative solutions that help advance financial inclusion while offering consumers with a seamless and secure experience.”
AstroPay recently offered users throughout Brazil its digital payment offering via a local payment method called Pix.
The company hopes the further expansion will reach as many as 1.5 million users and more than 200 merchants solely within the Brazilian market.
The company has grown within the Latin American market since its launch in Brazil last December. Its payment solutions are now available in Peru, Chile, Mexico and Colombia for small and medium-sized enterprises.
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