Uber, the ride-sharing app, in collaboration with Mexican fintech bank Bankaool, and MasterCard, has rolled out its first debit card in Mexico.
Dubbed Uber Bankaool debit card, the new offering will provide an alternative channel to pay for rides, using a mobile banking app. It is suitable for users who do not have a credit card or whose debit card is not open for e-commerce.
The Uber Bankaool card offers benefits including: free first Uber ride (up to MXN100 for new users of the app) and accepted in physical retailers and ecommerce, internet banking and mobile Bankaool.
Furthermore, it offers unlimited Interbank Transfers (SPEI) free of charge, and online access to account balances and statements, as well as monthly refunds of the fee on two cash withdrawals at any ATM.
The card, which requires a monthly deposit of up to MXN15,000 ($783), is available through Bankaool.com for all Mexican users, and will be coming soon to convenience stores.