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February 16, 2018

Wirecard collaborates with Banca Afirme to launch corporate debit card

By Briony Richter

In partnership with Wirecard, Banca Afirme is set to launch its new corporate debit card ‘Afirme E-fectiva’ in Mexico.

The new debit card will be exclusively available to corporate clients, which will include government agencies. The new debit card solution will enable companies and governments to transfer money to their beneficiaries that can then be used for travel expenses, petty cash, social support and rewards programmes, among others. The funds on ‘Afirme E-fectiva’ cards will remain the property of the corporate client at all times.

Cardholders can make purchases in shops and withdraw cash from ATMs, allowing them to manage the funds they have while ensuring an increased level of security.

Susanne Steidl, CPO of Wirecard and managing director at Wirecard in Mexico, stated: “To bring digital banking to the next level, is a big topic for Mexican banks. As a reason, even more people in Mexico will use cashless banking and payment methods in the future.

“The new card programme is going to benefit all users with an easy and secure handling. We are delighted to shape this trend together with Afirme and to launch the first corporate debit card. We are looking forward to expanding the partnership on other areas in the future.”

José María Sobrevía, executive commercial director for products and services at Afirme Grupo Financiero, added: “The ‘Afirme E-fectiva’ debit card enables companies and governments to better manage resources for beneficiaries or cardholders, with more control over the money deposited since corporate clients are able to recover these resources at any moment if they have not been used.

“In addition, corporate clients can obtain information about its use and management via the exclusive platform for this product, meaning they can know how the cards are being used.”

The card is supported by Mastercard. There is no limit to daily spending and there is no minimum transaction limitation.

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