Online payment provider AstroPay has linked with Mastercard to launch a prepaid card for Brazilian customers.
The partnership aims to provide a service for both new and existing AstroPay customers to pay in any Brazilian store that accepts Mastercard, in what AstroPay CTO and Chief Product Officer Guillermo Dotta described as a ‘secure and simple’ service.
He added on the deal: “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.”
The strategic partnership between AstroPay and Mastercard was born out of a mission to “ease the users life with the simplest, most convenient and secure way of handling their money”, with an additional goal of providing customers the most value out of their payment journey.
Users will be able to activate and use the prepaid card without any charge and pay at any merchant that accepts Mastercard.
Thiago Dias, Fintech and Enablers Vice President, Mastercard Latin America and Caribbean, added: “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”.
This is one of the latest moves AstroPay has made in the Latin America market this year. The payments platform linked up with Brazilian fintech Pix last April to expand its digital payment offering across the country.