Next-gen Wirex Visa Travelcard hopes to transform APAC's $800 billion payments industry
As FinTech solutions proliferate
, a leading borderless payment platform, Wirex,
is bringing out a next-generation Wirex Visa Travelcard. The multicurrency travel card will empower customers across the APAC region to seamlessly spend multiple crypto and fiat currencies, and earn crypto rewards wherever they travel. All cryptocurrency exchanges to legal tender fiat currency takes place before users transact on the Visa network.
Compatible with more than 150 currencies, the Wirex Visa Travelcard enables customers to link multiple fiat currencies, avoiding costly exchange fees during travel. Wirex card holders can pay their way at 54 million outlets around the world - anywhere Visa is accepted -- and get free international ATM withdrawals. It also offers rewards customers with up to 1.5 percent back in Bitcoin, should they want, on all in-store purchases through its first to market “Cryptoback” program.
The launch of the Wirex Visa Travelcard is part of a general expansion of Wirex services for customers in the region, which includes 19 secure, cold-storage traditional and cryptocurrency accounts, including USD, SGD, AUD, JPY, EUR, GBP, BTC and ETH among many others and access to industry-best OTC and interbank rates for crypto and traditional currency exchange. To allow as many people as possible to experience the Wirex Visa Travelcard and gain exposure to its innovative services, Wirex is removing fees, including account management and traditional currency exchange fees, for a limited period.
"We have witnessed an explosion in demand for hybrid fiat and crypto-enabled banking alternatives in APAC, where people need payments redesigned for the future, allowing them to unlock the value of their different currencies," said Pavel Matveev, Wirex co-founder and CEO. "The evolution of Wirex's offering in APAC represents more than just the next stage in the platform's growth strategy; it is a tangible example of our mission to provide a genuine alternative to conventional financial services by connecting traditional and digital ecosystems on one borderless payment platform."
Since its creation in 2015, Wirex has established itself as a pioneer in the payments and will soon release a revolutionary selection of fiat-backed stablecoins. Wirex is also known for its track record in business integrity and consumer protection, as it is one of only three cryptocurrency-enabled companies in the world to be granted a UK FCA e-money licence (No: 902025).