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- Mastercard (NYSE:MA) teams up with Jeeves, an expense management and business banking firm in Mexico, to offer locally issued physical and virtual cards in the fast-growing Mexican market.
- The two companies will launch the first physical card that allows companies to pay in any local currency from all countries in which Mastercard (MA) currently operates.
- "In addition to no fees and up to 4% cashback, our cards provide the flexibility and security LATAM startups are hungry for," said Dileep Thazhmon, CEO and founder of Jeeves. Since its founding in January 2021, Jeeves has onboarded more than 700 businesses in Mexico.
- Earlier this week, Mastercard acquires Arcus to support real-time payments in Latin America