The product is expected to roll out in Brazil in the second half of 2020
Brazilian fintech company launches digital payment accounts. Source: unsplash.com
EBANX announced the launch of a digital payment account with a physical and virtual Visa card for Brazilian consumers.
The EBANX GO card was launched in terms of partnership with Dock and Visa do Brasil, offering 10,000 Brazilian consumers to pilot in this beta phase. The account will be available both for Android and iOS systems.
The EBANX GO will provide users with a 5% cashback reward for purchases made on 18 e-commerce and digital services partners, including AliExpress, Gearbest, and Spotify. The cashback can also be used for other transactions or transferred to a second account.
The survey reveals that 1 in 3 Brazilians don’t have access to a bank account, which gives way to payment companies to offer alternatives.
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