PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Amazon Becomes Debit Card Issuer in Mexico

Sarah Grotta by Sarah Grotta
March 14, 2018
in Analysts Coverage
0
Credit Card

Credit Card

2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Further emphasizing the importance of the payment experience, Amazon is getting into the debit card business to help consumers in Mexico without a card to conduct transactions on Amazon.com and elsewhere:

Amazon said that Mexico was the first country where it has offered a debit card, called Amazon Rechargeable, aiming to give customers a new method to shop on its website.

“Clients that don’t have a credit or debit card will find Amazon Rechargeable an easy and practical way to convert cash into a payment method,” said Fernando Ramirez, Amazon’s product manager in Mexico, in a statement.

The Mastercard branded card is also connected to a reload network so consumers can present cash to a retailer and have that loaded onto the card:

Amazon’s card, backed by MasterCard and Mexican bank Grupo Financiero Banorte, can be loaded with cash at convenience stores across the country.

We will be watching to see if this tactic is expanded to other geographies.

Overview by Sarah Grotta, Director, Debit and Alternative Products Advisory Service at Mercator Advisory Group

Read the quoted story here

Tags: AmazonDebit CardsMexico
2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    deposit fraud

    Early Warning’s Verify Deposit Risk Leverages Predictive Intelligence to Stop Deposit Fraud

    November 28, 2023
    financial management

    How Intuit QuickBooks is Providing Tools for More Effective Financial Management at Every Stage of Small Business Growth

    November 27, 2023
    credit cards

    Credit Card Industry Remains Robust but Must Brace for Economic Instability

    November 22, 2023
    Complaints About Empty Gift Cards Continue into the Holiday Season

    Complaints About Empty Gift Cards Continue into the Holiday Season

    November 21, 2023
    Virtual Cards Are Gaining Ground in B2B Payments

    Virtual Cards Are Gaining Ground in B2B Payments

    November 20, 2023
    API and UI Intersection Accelerates Digital Banking

    API and UI Intersection Accelerates Digital Banking

    November 17, 2023
    fraud AI

    How Turnkey AI Solutions Can Help Payments Stakeholders Mitigate Fraud

    November 16, 2023
    New Mastercard Launch Allows Fast and Secure Cross-Border Payments

    Central Banks and Fintechs Compete to Shape Cross-Border Payments Mobility

    November 15, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result