Brazilian fintech company launches digital payment accounts

The product is expected to roll out in Brazil in the second half of 2020

digital payment accounts

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.

Providing access has always been our top mission at EBANX. We started offering Latin American local payment solutions for international websites, which helped popularize global products and services, such as Airbnb, Spotify and AliExpress in Brazil and seven other Latin American countries. EBANX GO is another step in this direction – this time directly in the Brazilian market
Wagner Ruiz, co-founder and CFO of EBANX

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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