O Bank of Brazil (BB) expanded its credit card portfolio. This Wednesday (28), the financial institution revealed the Ourocard Digital Elo, which works without the physical version and can be hired by those who do not have a bank account. The service also has no annual fee and can be used via Apple Pay or Google Pay.
With Ourocard Digital Elo, users can use digital transactions freely. However, there is a differential in relation to other Banco do Brasil products: the absence of a physical, plastic credit card.
Therefore, all transactions must be made by the Apple Pay or google pay – unfortunately, none of BB’s Elo cards are compatible with the Samsung Pay, unlike Visa. If your cell phone doesn’t have NFCthe bank still offers the option to make payments via QR Code.
Users will also be able to make purchases with the card’s virtual number, through Ourocard-e, providing more security for Internet transactions. All this is possible as long as the establishment accepts the Elo flag.
“At first, the solution will only be available to non-Banco do Brasil account holders and will be made available gradually”, they announced.
BB Card serves those who focus on digital transactions
BB’s solution aims to serve those who focus on mobile payments, an audience that has grown since the COVID-19 pandemic that started in 2020.
According to the survey Mobile Payments and Mobile Commerce in Brazil revealed in September 2022 by Mobile Time/Opinion Box, 51% of Brazilians used the QR Code for payments. In addition, three out of ten people used NFC to make contactless transactions on their smartphone.
Itaú also offers a fully digital card
Banco do Brasil is not the first and only financial institution to offer this type of product.
In September, Itaú presented the Itaú Click Digital Mastercard Platinum. The service follows the same logic as Ourocard Digital Elo, but features the Mastercard Platinum brand with all its added benefits.
Transactions can be carried out via digital wallets, including Samsung Pay. Customers can also generate a virtual number to make payments over the Internet, a feature that offers an extra layer of security to the service.
Itaú’s digital credit card also has no annual fee.