Despegar.com Corp., an online travel site for the Latin American market, has launched a co-branded Visa credit card with Banco Santander (Brazil) S.A. for its Brazilian subsidiary, Decolar.

The co-branded card will be used to complement the company's loyalty program, and points accumulated through the program can be redeemed for travel-related products and services on the Despegar.com site. 

"With this initiative, Passaporte Decolar, Despegar's loyalty program becomes one of the main rewards programs in Brazil, as the company further strengthens its strategy of deepening customer engagement and enhancing brand awareness," Alexandre Moshe, general manager at Decolar, said in a company release. 

Despegar has 18 million customers in 20 countries in Latin America.