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HomeFinanceGlobalPay launches forex card allowing users to switch across 30 currencies

GlobalPay launches forex card allowing users to switch across 30 currencies

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WSFx Global Pay (GlobalPay) has launched a new prepaid forex card that allows users to switch between multiple currencies through a single card, as outbound travel from India continues to grow.

The company said the Smart Switch Forex Card allows travellers to start with a single currency and later switch across up to 30 currencies through its mobile app or website, instead of using separate forex cards for different destinations.

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According to the company, the card supports transactions across more than 180 countries and includes currencies such as the US dollar, euro, pound, Canadian dollar and Japanese yen, among others. Users can load funds in US dollars and spend in local currencies, while also accessing multiple currency wallets through the same card.

The card also supports ATM withdrawals, e-commerce payments and contactless transactions. Users can track balances, reload funds and monitor transactions through the GlobalPay mobile application.

GlobalPay said the product is being introduced with zero forex markup across supported currencies and will be available through its app, online portal and branch network.

Industry players have been introducing digital payment tools for travellers as India’s outbound tourism expands and demand grows for simpler ways to manage international payments.

GlobalPay is an RBI-authorised authorised dealer category-II entity engaged in forex cards, international money transfers and currency exchange services. The company is listed on the BSE Limited and operates a network of branches, corporate clients and agents across India.

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