Strong Growth.....MasterCard deal has it MEO Money Card MasterCard is owned by Banco Bonsucesso SA, and was Brazil's first general purpose reloadable prepaid MasterCard promising to revolutionize financial inclusion among individuals with limited access to financial services, leveraging non-traditional channels of acquisition, proprietary mobile payments technology and a robust debit card program platform. Oct. 30, 2012, was the official launch of MEO Money Card in partnership with Rev Worldwide and MasterCard.
According to a 2012 MasterCard study, the Brazilian prepaid card market is estimated to rise from $1.7-billion in 2009 to $17-billion in 2017.