Mastercard, Lyft launch debit card

|About: Lyft, Inc. (LYFT)|By:, SA News Editor

Mastercard (MA +0.7%) and Lyft (LYFT +2.2%expand their partnership with Lyft Direct Debit.

The co-branded debit card and no-fee bank accounts for drivers include cashback on every purchase. The accounts are issued by Stride Bank and powered by Payfare.

Direct Debit will launch in eight U.S. cities for now: Atlanta, Denver, Houston, Las Vegas, Los Angeles, San Diego, Tampa, and Washington D.C.

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