Urban FT Inc., a provider of white-label digital banking applications for bank and nonbank issuers, today announced that its platform will power Sprint Money Express, which will enable Sprint customers to sign up for a Sprint-branded prepaid MasterCard and store it in a digital wallet.

Users also will be able to store other card accounts in the wallet, manage their finances and budgets, take advantage of local offers and deals, and monitor their mobile phone activity.

Sprint Money Express is a joint initiative between Sprint Corporation and Urban FT and will be available to Sprint's 57 million customers starting in January 2016.

"Its sleek and modern design with intuitive functionality sets it apart from other digital wallets in the marketplace," Richard Steggall, CEO and co-founder of Urban FT, said in a a statement. "I feel Sprint is the first of the wireless Telcos to develop the right formula — one that successfully pairs customers' needs and wants with relevant and meaningful functionality."

Urban did not reveal in the press release which bank issues the prepaid card, or any fees associated with it.