Ualá Explained

Ualá
Ualá
Author:Pierpaolo Barbieri
Ver Layout:simple
Operating System:iOS, Android[1]

Ualá is an Argentine fintech company that provides a mobile application for managing a Mastercard prepaid debit card and other financial services. The company was founded by Pierpaolo Barbieri and investors include Point72 Ventures.[2] Competitors include Argentine digital bank Brubank, which provides transaction account services through their app.[3]

As per other prepaid debit cards, the account holder pre-loads money onto the card and a bank account isn't required. While Ualá’s primary product is its mobile app, the company operates within the larger fintech sector, addressing the need for digital financial inclusion in Latin America.[4] Lost or stolen Mastercard Prepaid debit cards can be frozen from within the app.[5]

Notes and References

  1. Web site: Soros vuelve a apostar al mercado local con una aplicación móvil . . 4 October 2017 . 26 December 2017.
  2. News: Soros, Cohen among big name investors betting on Argentine startups . . 16 November 2017 . 26 December 2017.
  3. Web site: Qué ofrece Brubank, el nuevo banco digital del ex CEO del Citi . www.cronista.com . 10 January 2019 . 2 January 2023 . es.
  4. Web site: Ualá puts Argentina's unbanked in crosshairs . BNAmericas . 5 October 2017 . 26 December 2017.
  5. Web site: Ualá, la aplicación que inventó un argentino para los que no tienen cuenta bancaria . . 5 October 2017 . 26 December 2017.