MEXICO CITY (Reuters) -Mastercard ( MA ) and L'Oreal are launching a joint business card for beauty salon operators in Latin America and the Caribbean, they said in a joint statement on Monday.

-- The card will first be issued in Mexico by corporate card provider Clara, Mastercard ( MA ) and L'Oreal said.

-- Expansion across other markets in Latin America and the Caribbean is planned with additional financial partners, they added.