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

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<