NetSpend and Barri unite their efforts to support Hispanic community in US

 Monday, one of the main providers of prepaid debit cards in the US, NetSpend, and the main non-banking provider of financial services for the Hispanic community in Texas, Grupo Financiero Barri, Monday unveiled their plans to start offering a rechargeable jointly branded and general use card (GPR) in 200 of Barri branches located in Houston, Dallas, San Antonio, Austin, and Rio Grande Valley, including the shops located at the Michoacana Meat Market and other retail stores.

The GPR prepaid cards claims to be a safer alternative to cash as they let consumers better manage their finances since the purchases are limited to the amount available on the card, thus eliminating any overdraft charges. 

Additionally, this type of card provides with free direct deposit, free account notifications, free money transfers from one card to another, and bill payments through the Internet.

As part of the launch, Barri has announced that clients who buy the card and deposit a minimum of $20 will receive an additional $10. 

NetSpend-Barri alliance establishes a strategy for’s emerging markets. This strategy will provide card-based financial services to the 20 million Hispanic consumers in the US who do not use banks as a means to fulfill their financial requirements.