Dinamismo Con Valor (DC Valor), a Mexico-based provider of corporate financial services, has expanded into consumer finance with the launch of a new prepaid card, ValorCard, and the ValorPay platform.
ValorCard and E-Wallet will facilitate in-store and online shopping, cost-effective foreign currency exchange, domestic and cross-border money transfers, as well as cash withdrawals from ATMs across the world.
The debit card will allow instantaneous transmission of funds by phone or internet at reduced costs from standard banking fees, and with real-time availability of funds. The product will be phased in on a staggered basis across five countries.
DC Valor financial services operations managing director Hanspeter Wachter said: "Although the mainstream banking industry has made formal banking far more accessible and inclusive, there remains a significant percentage of individuals for whom cash is the only way they can conduct their financial affairs. We aim to change that with ValorCard."
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