After a couple of months of using a couple of fintech products, I've to say that they have been working rather well for me. Although there are ways that would make them better for me, overall both have high marks from me.
The first product is a credit card issued by Stori(link is in Spanish). Since its backed by Mastercard,I haven't had a problem with it. All the places on which I usually pay with a credit, or debit, card take it without an issue. Not only that, with the app update released a couple of week ago made it a lot more usable and got a redesign for the better.
Of the things I would like to see improve, is that your balance get updated at the moment you make a purchase and when a payment is made. This way it would make it a lot more practical and user friendly. Not only that, it would make less likely not to go over your credit limit by mistake.
The second product I'm using, is a business account that comes with debit card called Oyster(link also in Spanish). With the account, a debit card is issued backed also backed by Mastercard. Personally, I use this account more like a savings one. Mainly to put money in account separate from the ones I use for my daily expenses.
The app Oyster offers is quite good, and I like a bit better than the one that Stori offers. And while I've no problems using my money by paying with the debit card, I can't withdraw it on an ATM without having to pay a fee. For my user case, its not really a problem since I use the account for savings, can pay with the debit card, or can make a transfer to other of my accounts with banks that have their own ATMs. But I can see this being a problem for some people who need to be able to make withdraws on regular basis.
I personally would recommend both Stori, and Oyster, to people who don't want to deal with a traditional bank, or their life style is one that managing their finances using their smartphone is a lot easier.
