GlobalPay Introduces Forex Card for Seamless Transactions in 30 Currencies

WSFx Global Pay (GlobalPay) has introduced a new prepaid forex card that enables users to switch among various currencies with a single card, as outbound travel from India continues to surge.

The company stated that the Smart Switch Forex Card allows travelers to initiate with one currency and later switch between up to 30 currencies via its mobile app or website, eliminating the need for separate forex cards for different locations.

According to the company, the card facilitates transactions in over 180 countries and supports currencies such as the US dollar, euro, pound, Canadian dollar, and Japanese yen, among others. Users can load money in US dollars and spend in local currencies, while also accessing multiple currency wallets via the same card.
The card additionally supports ATM withdrawals, e-commerce payments, and contactless transactions. Users can monitor balances, reload funds, and track transactions through the GlobalPay mobile app.

GlobalPay mentioned that this product will be launched with zero forex markup for the supported currencies and will be available through its app, online portal, and branch network.

Industry stakeholders have been rolling out digital payment solutions for travelers as India’s outbound tourism grows and there is an increasing demand for easier methods to handle international payments.

GlobalPay is an RBI-authorized dealer category-II entity engaged in forex card distribution, 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 throughout India.

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