AstroPay launches prepaid Mastercard in Brazil

AstroPay has launched a Mastercard prepaid card in Brazil in a move that provides both new and existing AstroPay customers with the ability to pay in any store that accepts Mastercard.

The strategic relationship between Mastercard and AstroPay has thus been expanded to allow Brazillian users to activate and use the prepaid card instantly without any charge and pay in any merchants that accept Mastercard.

Users can use the physical card to pay in stores and withdraw money from an ATM and make online payments with the virtual card, while also gaining access to attractive benefits such as cashback and other perks available in the AstroPay platform.

Brazil, one of the most advanced countries when it comes to digital money

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”.

AstroPay was founded in 2009 and its digital wallet now serves millions of customers and hundreds of merchants in Asia, Africa, Latin America, and the UK, with more than 200 payment methods available.

AstroPay launched crypto offering

Earlier this year, AstroPay launched a cryptocurrency offering to address increasing demand from customers, an army of more than five million across the globe.

The online payment solution is giving those who want to explore the world of digital assets the option to buy and sell cryptocurrencies via mobile app and web. Users can trade without paying any purchase, trading, transfer, or maintenance fees.

Users can acquire Bitcoin, Bitcoin Cash, Litecoin, and Cardano using local currency or USD, and store them on AstroPay’s digital wallet. The option is currently available in selected emerging markets and there are plans to roll it out further.