Mastercard works on debit and credit cards with US financial company

Mastercard and SoFi will develop new products, benefits, and experiences

Mastercard and SoFi

Mastercard works on debit and credit cards with US financial company. Source: shutterstock.com

Mastercard partners digital personal finance company SoFi to offer a number of new products and in-person experiences to SoFi members.

The partnership will initially focus on the SoFi Mone debit card, for which Mastercard will become the exclusive card network. The card is one way to spend with the SoFi Money cash management account, launched in 2019. It offers no fees, ATM fee reimbursements, mobile check deposit, P2P, etc. The new debit program includes cashback rewards, complimentary cell phone insurance, discounted airport concierge services, and much more.

Our mission at SoFi is to help our members achieve financial independence to realize their ambitions. In order to do so, we must build products and services that help our members Get Their Money Right. It is imperative that our partners are leaders in technological innovation, security, and enhanced benefits, and Mastercard is an industry leader across all of those areas
Anthony Noto, CEO of SoFi

Along with that, those members holding particular SoFi and Mastercard products will have the possibility to experience more benefits at SoFi Stadium, opening in Los Angeles, CA later in 2020.

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