Banco do Brasil Americas has selected Earthport’s payments solution to power its international card to bank transfers, enhancing its pre-paid student card product offering.
Banco do Brasil Americas offers multicurrency pre-paid scholarship cards to students to enable them to safely and easily take scholarship funds abroad.
The cards offer a sensible and secure alternative to carrying cash. They are reloadable and ideally suited to meet the financial needs of students who study internationally.
The card will offer a new product differentiator; a secure, fast, and efficient card-to-bank international transfer service, which will empower student card holders to safely transfer funds from their cards to local bank accounts in Europe, the UK, Canada, Australia or Latin America to make payments for living accommodation and school services.
Antonio Cassio Segura, CEO of Banco do Brasil Americas, said: "We are excited to offer an enhanced funds transfer solution to our clients. Our goal is to help make the funds management process simpler, faster and convenient.
"Our partnership with Earthport allows us to offer an efficient, cross-border payments network, building more innovative solutions for our clients."