The company presented the prepaid card series at the Global Fintech Festival (GFF) 2025, positioning it as a key offering for Indian travellers engaging in international transactions. The portfolio consists of the Xplorer Metal Global Card, Smart Switch Card, multi-currency cards, and co-branded forex cards, targeting students, leisure travellers, and corporate clients.
As stated by the company, these cards facilitate tokenisation on Samsung Wallet and Google Wallet, enabling users to execute contactless payments across global markets.
This initiative represents GlobalPay’s shift from a card distributor model to that of an issuer during a period where prepaid and multi-currency cards are becoming increasingly relevant for international travel in the wake of fluctuating exchange rates and stricter controls on overseas spending.
WSFx Global Pay Limited, operating under the GlobalPay brand, is an RBI-authorised AD-II entity and a BSE-listed company with over forty years of expertise in cross-border transactions. It caters to more than 1 million customers and collaborates with over 850 corporates and 650 channel partners nationwide.
The launch of the prepaid cards is part of a broader transformation at GlobalPay, which includes the introduction of a new digital platform and a revamped brand identity. The company aims to reposition itself as a transit-focused, cross-border fintech platform that merges payments with travel-related services.
In line with this transition, GlobalPay has rolled out a mobile application that integrates forex card management with travel utilities, including global eSIM access, travel insurance, airport lounge entry, and meet-and-assist services. This app operates on a pay-per-use basis instead of bundled subscriptions, according to the company.
Discussing the launch, Srikrishna Narasimhan, Whole-Time Director and Chief Executive Officer of GlobalPay, indicated that the new card stack signifies a structural change in the company’s operating model. “With the launch of our own card stack and the expansion of digital services, we are redefining how India travels abroad, not just how it spends abroad,” he remarked.
Founder Dilip Modi highlighted that the company’s evolution mirrors the changing expectations of travellers. “GlobalPay has transitioned from a forex-centric business to a mobility-driven financial platform tailored to international travel needs,” he noted.
