dLocal launches white-labeled prepaid cards in emerging markets

Tuesday 21 September 2021 11:48 CET | News

dLocal, an Uruguay-based payments platform, has launched Direct Issuing, a service enabling merchants to issue their own branded prepaid cards for online and in-store shopping in local currencies.

Vita Wallet adopts dLocal’s latest offering to issue branded virtual and physical prepaid cards to its twenty-five thousand plus users. Company officials point that with the new solution, consumers will be able to shop, pay bills, cash out, make and receive international payments

dLocal’s Direct Issuing is an option to make pay-outs. Companies with a supply-side user base, such as drivers and homeowners, or gig economy businesses, can issue revenue share payments in the form of prepaid cards. Funds can then be spent for services, products, groceries, gas, ATM withdrawals, utility bills, and more, without the need for a bank account.

Vita Wallet can instantly credit funds in local currencies, re-issue prepaid cards when expired, or block them when lost or stolen. dLocal’s Direct Issuing solution can also be used by merchants to build cash-reward loyalty solutions and cash-back incentive programmes.

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Keywords: product launch, virtual card, cross-border payments
Categories: Payments & Commerce | Cards
Countries: Uruguay
This article is part of category

Payments & Commerce