Mexico's Bansefi Unveils New Debit Card The News
go to original September 8, 2014

MEXICO CITY – The National Savings Bank and Financial Services (Bansefi) in coordination with the Federal Secretariat of Social Development (Sedesol) established the Prosper More with Bansefi Program and the new debit card Bansefi More.

The Prosper More with Bansefi Program offers Social Inclusion Prosper Program beneficiaries several advantages through the Bansefi More Card such as a scheduled savings account, loans, accident life insurance and financial education.

Credit loans range from 500; 1,000; 1,500 to 2,000 pesos ($153) with no commission and an interest rate of 9.99 percent annually, the lowest in the market. For every credit of 500 pesos, 61 pesos will be deducted bimonthly for a year and a half.

Beneficiaries will also enjoy a benefit package that includes additional non-limited to accident life insurance for 12,500 pesos, funeral services for the whole family, unlimited free calls to numbers in Mexico, United States, Canada and 40 other countries, medical and nutritional counseling and in applicable locations: emergency ambulance service, preventative dental and vision coverage and inclusion in a discount network at local stores.

Currently, more than 6 million social program beneficiaries transparently receive their support through cards issued by Bansefi.

Read the rest at The News

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