financial technology white, announced the update of its application and debit card, through which they hope to gain competitiveness compared to other electronic payment funds. The change will allow the Variable Capital Investment Promoter Corporation (SAPI de CV)manage your own cards and improve the security of your application.
As part of the change, the payment platform invites its users to update the application on their devices, so that they can access virtual and physical cards.
“One of the main benefits of this change is the reduction of costs, by removing outsourcing in the manufacture of our cards and in their operation, allowing us to use those resources to serve and improve other application products. With this update we want to give more transparency to the service”, he commented. sarah gonzalezproduct manager of Albo.
The new card will have the international Mastercard financial services, will include contactless technology and the virtual card will incorporate a dynamic CVV in order to increase and improve the user experience.
As commented by González, the update will allow you to reduce delivery times for your cards, in addition to providing a faster solution to your users in the event of an unrecognized charge or any incident.
“We want to avoid users going through very long waiting times, due to many cumbersome procedures, this change will allow us to reduce delivery times, before we sent a card in around 10 days, now the average time is from two to five days Gonzalez explained.
The change to the new card is transparent, it is still associated with a 100% fee-free account to receive, transfer and manage money easily and safely. The user can make purchases at any online store or platform that accepts Mastercard cards, but without the need to share the details of their physical card in all kinds of stores.
The fintech assured in a statement that the money control functions are very similar to the previous card, such as the withdrawal of up to 10,000 pesos a day.
On May 12, the authorization of the Institution of Financial Technology for Albo was made official, through the Official Gazette of the Federation, to operate as Institution of Electronic Payment Funds (IFPE).