Kuady launches a virtual prepaid Mastercard in Peru

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The card will be integrated into the Kuady app, allowing users to make online purchases by accepting Mastercard. There is also the option to request a physical card for in-store purchases.

Kuady explained that this move is part of their broader strategy to expand the service and offer more versatile and secure payment options. The company said that customers have instant access to their payouts and can therefore spend money immediately. Online traders can withdraw directly to Kuady accounts.

This comes after Open Payment Technologies announced the launch of Kuady in Peru and Chile earlier this year. Kuady also opened an office in Bulgaria this summer.

Lorenzo Pellegrino, CEO of Kuady, said: “We are pleased to introduce the Kuady card to our users in Peru, where the demand for flexible and secure payment solutions is growing rapidly.” The launch of our virtual prepaid Mastercard is a significant one for us Milestone. Not only does it expand our service offering, but it also gives our customers greater control and convenience in managing their financial transactions.

“We understand that our customers value both security and flexibility in managing their finances. The Kuady Card offers our customers a new way to shop securely online, with the added benefit of future integration with mobile wallets for seamless contactless payments.”