After a year of tests, Venmo Monday officially launched a companion debit card to its popular mobile person-to-person app.

The card, which is MasterCard-branded and contactless, is in limited release. Perspective users can join a waiting list for the card via the Venmo app.

Venmo card users will have the ability to track purchases via the app's transaction history feature. Users also have the ability to withdraw cash for free through the MoneyPass ATM Network. Otherwise, transactions at non-MoneyPass ATMs have a $2.50 domestic withdrawal fee.

For those with Venmo notifications enabled, they'll be notified on their smartphone for every card purchase. Users also have the ability to disable a lost or stolen card via the app.