Uber Launches Debit Card in Latin America, Targets the Underserved

Uber, a $68 bln transportation network and technology company, launched its signature debit card network in Latin America, in cooperation with FinTech bank Bankaool.

Bankaool CEO, Francisco Mere stated:

“This reflects how FinTechs with an open IT architecture can work together with IT companies, bringing innovative and disruptive solutions to an increasing number of markets.”

Bankaool is a Latin American online FinTech bank that offers various financial services, including Mastercard debit card issuance. The firm is mostly focused on mobile banking, which enables its consumers to control virtually any financial settlement and tasks online, via mobile.

The Uber signature d