Consumer Payment Card News

Mexico’s New Ride-Sharing Uber Bankaool Debit Card Es Aqui

uber-mastercard-debit-cardBankaool, the first Mexican online bank, and Mastercard has launched the Uber Bankaool Debit Card, an alternative way to pay for rides, using a mobile banking app.

Uber Bankaool card is the first debit card the technology company launched in Latin America, offering users who do not have a credit card or whose debit card is not open for e-commerce a new payment method.

The card is linked to a Bankaool account, which also offers savings and investment products.

Other advantages of the Uber Bankaool card include: free first Uber ride (up to MXN$100 for new users of the app); accepted in physical retailers and ecommerce, Internet Banking and Mobile Bankaool; unlimited Interbank Transfers (SPEI) free of charge, and online access to account balances and statements, as well as monthly refunds of the fee on 2 cash withdrawals at any ATM.

Uber Bankaool debit card requires a monthly deposit of up to MXN$15,000 and is available through for all Mexican users, and will be coming soon to convenience stores.

To apply for the Uber Bankaool card, simply access Bankaool webpage:

#YourUberCardforEverything (#TuTarjetaUberParaTodo) can be used to pay at movie theaters, stores or restaurants, as well as e-commerce and mobile apps that accept Mastercard, both in Mexico and internationally, and even to withdraw cash at ATMs.

Bankaool was voted Best SME Bank Mexico in 2016 by Capital Finance International magazine.

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