South Africa’s Bidvest Bank has luanched a multi-currency world currency card, powered by MasterCard. The new card is a prepaid travel payment card that features the ability to load up to 17 currencies onto a single card at any time.
The card allows travelers to lock in exchange rates, budget more efficiently, top-up currency both before departure and while travelling, and avoid conversion fees – ensuring they pay in the local currency.
This new travel payment card opens up a world of travel providing customers with the ability to load one or more of the following currencies onto just one card: Argentine Peso, Australian Dollar, Brazilian Real, British Pound, Canadian Dollar, Chinese Yuan, Euro, Indian Rupee, Israeli Shekel, Japanese Yen, Mauritian Rupee, New Zealand Dollar, Saudi Riyal, Swiss Franc, Thai Baht, United Arab Emirates Dirham and United States Dollar.
Whether planning to lunch in London, buy maple syrup in Canada, get olive oil straight from a farm in New Zealand or buying Swiss chocolate in the Alps, travellers have the peace of mind that the money on their card is secure thanks to Chip and PIN technology.
In addition, conversion fees are minimized as the card intelligently selects the local currency of the country they are in as long as that currency is loaded onto the card. If the local currency isn’t available or there are insufficient funds left in that currency, then the card will automatically access another currency wallet provided that funds are available.
Cardholders can check their balance, transaction history and transfer between currencies in real-time either via the World Currency Card mobile application or online via the ‘My Account’ web portal.
The World Currency Card also features added benefits such as access to special offers and experiences around the world on dining, sport, sightseeing and other attractions available via the MasterCard Priceless Cities program.
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