Wirecard and FXChange have joined forces to offer outbound and inbound travellers in Singapore with simple and flexible digital payment options.
Via the collaboration, both companies are launching multi-currency Visa cards and a corresponding app via which travellers will be allowed to combine payment with the possibility to earn and redeem points at hotels, F&B outlets, and other amenities. At the same time, Wirecard will issue and manage the payment solution through its digital platform, while travellers will benefit from exchanging and loading currencies at self-service kiosks, and paying fully digitally at any of the 61 million Visa merchant locations worldwide.
Travellers will be enabled to easily make cashless payments abroad, eliminating the hassle and cost of foreign currency exchange, while enjoying travelling without the necessity to carry cash. They will also be able to avoid dealing with fluctuating exchange rates. Moreover, travellers can use the multi-currency payment solution to exchange Singapore dollars and load up to 12 foreign currencies.
The multi-currency solution is planned to roll out soon. Meantime, travellers can sign up for the card at any of the FXC kiosks in Singapore, choose from multiple payment methods, and start using it at any Visa merchant. Travelers do not need a bank account to obtain the card and there is no sign-up or annual fee.
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