Brazillian fintech start-up Asaas has launched a new prepayment card, aimed at customers without bank accounts. It can be used for transactions of up to BRL10,000 ($3,016), and has no the end of the year charges if used for transactions of over BRL1,200 ($362) per month. As well as those without a bank account, it is also being targeted at businesses, which can request multiple cards for the same account, for use by employees for business purchases. The company expects to have issued 8,500 of the cards by monthly.
Brazillian fintech start-up Asaas has launched a new prepayment card, aimed at customers without bank accounts. It can be used for transactions of up to BRL10,000 ($3,016), and has no monthly charges if used for transactions of over BRL1,200 ($362) per month. As well as those without a bank account, it is also being targeted at businesses, which can request multiple cards for the same account, for use by employees for business purchases. The company expects to have issued 8,500 of the cards by the end of the year.