Mastercard partners with US FinTech Dave  

July 24, 2020 | FinTech

Written by FinTech Alliance

Mastercard partners with US FinTech Dave  

Challenger bank Dave has announced an agreement with Mastercard to power its debit cards.  

In Brief:  

  • Dave was launched in 2017 to improve the accessibility of the legacy financial system.  

  • This year it launched Dave Banking, an app-based spending account.  

  • The app, and the Mastercard debit card, are available exclusively to Dave customers.  

 

What does this mean?  

Dave has found that 36% of Americans plan to increase their reliance on digital banking tools as a result of Covid-19. The FinTech says it’s on track to reach a million customers by the end of the year.  

Read more here.  

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