Banco Neon taps Gemalto for smartphone-friendly debit cards in Brazil

Brazil’s Banco Neon has selected Gemalto to deliver Visa Quick Read debit cards to its customers.

This innovative card design groups together important information, including account number, expiration date and security code, simplifying online payment with one unique entry. Neon, a smartphone-based bank which specifically targets millennial consumers, is the first to issue a card with this user-friendly format in Brazil.

The Visa Quick Read design provides essential purchasing information conveniently on the front of the card. Customers enrol for a new account via a mobile app that uses document verification, facial recognition and biometric fingerprint ID for authentication, mechanisms that contribute for the security of the enrolment process.

"We trusted Gemalto to quickly design and deliver an appealing Visa Quick Read debit card for our customers, a group that demands secure mobile banking solutions to support their digital lifestyle," said Pedro Conrade, CEO of Neon. "Within the first 48 hours of offering the new Visa Quick Read debit card, Banco Neon received more than 5,000 requests for new accounts and we expect to deliver more than 100,000 new cards by the end of 2016."

"Latin America is fertile ground for fintechs who are recognising the opportunity to offer innovative digital banking solutions targeted to a new generation of bank customers", said Rodrigo Serna, President for Americas at Gemalto. "Our success in delivering Visa Quick Read cards in Brazil along with our local market presence prepares Gemalto to supply innovative solutions to global fintechs throughout Latin America."

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.