Sao Paulo, Brazil – Oct 6, 2021 – There are both positive and negative developments in financial literacy in Latin America. According to a recent survey, 88 per cent of consumers in the region are financially illiterate. Thus, they lack the basic skills required to reconcile their bank accounts, pay their bills on time, pay off debt, and plan for the future. In contrast, white label programs offered by organizations like LAM are assisting in resolving this issue. Furthermore, debit and prepaid cards have been shown to facilitate effective money management.
LAM’s white label program was developed to assist clients in branding debit cards with their names and logos, which they can then market directly to their customers. Finance companies and large corporations are two of the fastest-growing market segments for adopting the programs and earning loyal customers as a result. By utilizing white label prepaid card programs, responsible FinTech’s and corporations are assisting employees, their client base, students, young adults, and their parents to close the knowledge gaps that are negatively affecting their financial futures. “Visa®” programs are an ideal method of accomplishing this while at the same time improving the reputation of our client’s brands. The programs offered by LAM are a win-win situation for everyone involved.”
Through debit cards, consumers and their families can become familiar with making transactions at merchants and ATMs, logging their expenditures and budgeting, while eliminating the risk of overdrafts. Typically, these cards are available through an app, eliminating the possibility of a lost or stolen card. Some of the more standard features of prepaid & debit card programs include peer-to-peer transfers, bill payments, rewards programs, and direct deposits. Integrated fraud protections are also helpful to the cardholder. In addition, White Label clients will not only get increased brand awareness when a card bearing their name and logo is swiped or tapped, but they will also benefit from the long-term revenue growth that comes from white label programs.
In addition, LAM develops all the systems that manage relationships between cards and their clients and handles all the necessary compliance and regulatory approvals to get the cards to market, and it manages all or some of the program administration depending on the client’s preferences. The company’s advanced digital platforms include administrative portals, API connections, and secure encryption for sign-ups, KYC, sponsor banks, call centers, and fulfilment centers.
About LAM Holdings Inc.
LAM Holdings Inc. is an independently owned card issuing and payments facilitator helping many of today’s high-profile Fintech and Crypto organizations with innovative and cost-effective payment solutions. Established by a team of professionals with over 100 years of card issuing and card acquiring experience; we are experts in processing and managing credit card payments, debit card payments, global prepaid card issuing programs, and other various banking solutions; LAM enables Fintech companies to discover breakthrough innovations through a strategic and advanced technology that allows them to achieve a fully customized prepaid solution.
Company Name: LAM Holdings Inc.
Contact Person: Alessandro Dos Santos
Email: Send Email
Address:Av. Ejército Nacional Mexicano 453 Chapultepec Morales, Granada, Miguel Hidalgo
City: 1 1520 Ciudad de México, CDMX