Ualá

Ualá
Original author(s)Pierpaolo Barbieri
Operating systemiOS, Android[1]
WebsiteOfficial website

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]

References

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