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