In Colombia, Rappi is introducing a credit card through the fintech Rappipay, which can be requested when making an application. This was reported by Forbes Colombia on October 14th.
In the Forbes Colombia article, Gabriel Migowski was quoted as saying, “We don’t charge a processing fee, you don’t have to sign a paper, you don’t have to go to a branch. It’s a premium product at a non-premium price”.
According to the publication, when “non-premium pricing” is spoken of, it means that there is no processing fee. In addition, a cashback of 1% is granted for every transaction, which replaces the miles offered by other credit cards. However, users can decide whether they want to convert this “cashback” into miles or into Rappicredits.
On the other hand, Migowski noticed that You want the process to be completely digitalHowever, according to Rappi, personalized agents will be available when in doubt. With this in mind, Migowski said: “We make it possible because we don’t have any physical branches or the like, we save these costs,” says Migowski.
“This announcement from Rappi comes just a week after Nubank, the neobank founded by Colombian David Vélez in Brazil, announced the waiting list for its Mastercard credit card with no processing fee in Colombia,” they said from Forbes. Although they also stated that Rappi has been working on this product for more than a year.
“”Rappi’s contactless credit card is supported by VisaThis is the same debit card franchise that was launched more than a year ago and has more than 700,000 customers. Both products are manufactured under the alliance with Davivienda, which has set up its infrastructure and banking license so that Rappi can offer its digital services. This presents some advantages in the physical world, such as the ability to withdraw cash from Davivienda’s ATMs for free, “the publication said.
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