About Ualá
Ualá – a financial app with an account and a Mastercard card that allows you to transfer money, pay for purchases online/offline, and use additional financial features (depending on the country).
Advantages
Instant transfers 24/7
Usually no fee for P2P/transfers between accounts
Mastercard card payments online and in stores
Fully managed via the app (balance, limits, security)
Disadvantages
Availability and features depend on the country (terms may vary)
Limits and some operations depend on verification
Some top-ups/withdrawals/additional services may have fees (according to the country’s tariffs)
How does the Ualá system work?
Ualá – a fintech service with an account and a card. The user registers in the app, tops up the balance in an available way and uses the service for transfers and payments. The set of features and terms depend on the country.
Among the service features:
- transfers between users/to accounts (where available);
- card payments online/offline;
- managing limits and security in the app;
- additional financial options (depending on the country).