Brazil´s Nubank launches credit card focused on unbanked or blacklisted people

Brazil currently has over 60 million people who are unable to be approved for a traditional credit product.

RIO DE JANEIRO, BRAZIL - On Thursday, February 18th, Brazilian Nubank, Latin America´s largest Fintech, announced the launch of a new credit card. The product is designed for unbanked people and on the blacklist of defaulters. The card enables setting a limit for purchases on credit, while offering customers the chance to build a credit history with the institution. The new method is still in its beta phase (test phase) and available only to invited clients.

"Brazil currently has over 60 million people who are unable to be approved for a traditional credit product because they have no history or . . .

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