Brazilian digital lender Nubank will launch a debit card to make its product range more complete.
The move comes only weeks after it received authorization from the country's central bank to operate as a full-service financial institution, local daily O Estado de S. Paulo reported.
The debit card modality had been lacking in the range of services offered by Nubank, which started operations offering a credit card and later added a checking account to its roaster of products.
Like the Nubank credit card, the debit card will be MasterCard-branded, according to the report.
In October, Chinese firm Tencent purchased a 5% stake in Nubank for US$180mn.
Created in 2013, Nubank is one of the most famous companies in Brazil's fast-growing fintech sector. The bank has approximately 2.5mn digital accounts and around 5mn credit card holders.