AstroPay launches prepaid Mastercard in Brazil

Rick Steves

AstroPay has launched a Mastercard prepaid card in Brazil in a move that provides both new and existing AstroPay customers with the ability to pay in any store that accepts Mastercard.

The strategic relationship between Mastercard and AstroPay has thus been expanded to allow Brazillian users to activate and use the prepaid card instantly without any charge and pay in any merchants that accept Mastercard.

Users can use the physical card to pay in stores and withdraw money from an ATM and make online payments with the virtual card, while also gaining access to attractive benefits such as cashback and other perks available in the AstroPay platform.

Brazil, one of the most advanced countries when it comes to digital money

Guillermo Dotta, CTO & Chief Product Officer of AstroPay, 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: “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 was founded in 2009 and its digital wallet now serves millions of customers and hundreds of merchants in Asia, Africa, Latin America, and the UK, with more than 200 payment methods available.

AstroPay launched crypto offering

Earlier this year, AstroPay launched a cryptocurrency offering to address increasing demand from customers, an army of more than five million across the globe.

The online payment solution is giving those who want to explore the world of digital assets the option to buy and sell cryptocurrencies via mobile app and web. Users can trade without paying any purchase, trading, transfer, or maintenance fees.

Users can acquire Bitcoin, Bitcoin Cash, Litecoin, and Cardano using local currency or USD, and store them on AstroPay’s digital wallet. The option is currently available in selected emerging markets and there are plans to roll it out further.

Read this next

Digital Assets

As SPAC bubble bursts, Circle terminates its $9 billion merger with Concord

USDC stablecoin issuer, Circle has terminated its planned $9 billion SPAC merger with publicly traded blank-check company Concord Acquisition Corp.

Institutional FX

Integral reports lowest FX volume in two years

Foreign exchange trading volumes dropped in November across Integral’s trading platforms as currency markets saw a relatively quiet period after consecutive months of strong trading activity.

Technology

CDEX: Avelacom announces connectivity to Cboe Europe Derivatives

“We anticipate that many of our customers from Asia will be particularly interested in getting exposure to pan-European products via just one venue, which CEDX offers.”

Retail FX

BUX acquires Spanish Ninety Nine’s retail brokerage unit

“Thanks to this acquisition, Ninety Nine users will have access to a wide range of services provided by BUX, such as investing in Spanish, European and US stocks, ETFs, cryptocurrencies, fractional investing and the BUX Savings Plan.”

Digital Assets

SEBA and HashKey partner to expand crypto in Hong Kong and Switzerland

SEBA Bank AG has announced a new strategic partnership with HashKey Digital Asset Group as part of both firm’s expansion efforts in Hong Kong SAR. 

Executive Moves

Broadridge appoints Martin Koopman as Chief Product Officer

“Martin has a proven record of driving product innovation both at Broadridge and at previous companies. His vision and proven ability to execute will be invaluable as we become the foremost SaaS provider to the financial services industry.”

Digital Assets

DAM rolls out Moonwalkers v1 testnet ahead of support for yield-generating collateral

“We want to champion innovation by making it easier to securely direct stablecoin liquidity away from Ethereum towards newer networks without the constant vulnerabilities posed by bridges. d20 will help accelerate the adoption flywheel of emerging networks, and this is our first step towards making our omnichain promise a reality.”

Institutional FX

FIA EXPO: ICE’s Brian Norris talks ESG investment, carbon credits and market data

The FIA Futures & Options Expo, now in its 38th year, convened the listed derivatives dealers, thought industry leaders and other stakeholders for two days of networking.

Retail FX

Malaysia regulator exposes OctaFX clone, shady FB profiles

Malaysia’s financial regulator today warned online investors about the risks of following investment tips made on social-media platforms.

<