This move will provide both new and existing AstroPay customers with the ability to pay in any store that accepts Mastercard.

The introduction of this new card in Brazil signifies a strategic relationship between Mastercard, a leader in global payments and AstroPay, a fintech with the mission to ease users’ life with the simplest, most convenient and secure way of handling their money and getting the most value out of it.

Users will be able to activate and use the prepaid card instantly without any charge and pay in any merchants that accept Mastercard. The card also comes with attractive benefits including cashback and other perks available in the AstroPay platform. Users can use the physical card to pay in stores and withdraw money from an ATM as well as make online payments with the virtual card.

The global brand adds to the growing network of solutions offered by AstroPay to its customers.

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”.