MUMBAI, India—A leading Indian bank has announced it will launch a multicurrency payment card designed for those who are looking to travel.
ICICI Bank has partnered with travel booking brand Goibibo to launch the card, which is set to be accepted in more 200 nations and at the sites of 46 million stores and merchants, FXcompared reported.
It will be possible for travelers to add a maximum of 15 currencies to their card, meaning online money transfer will be made easier for those going abroad.
In addition, the card offers a variety of benefits to the traveler – including discounts on various travel-related items, easy flight booking processes, travel insurance and more.
The card will offer a number of specific discounts – including a reduction of 40 paise on the currency conversion rate, applicable whenever the card is loaded with $1,000 US dollars or more, FXcompared said.
There will also be a number of discounts available at restaurants in major cities – such as Hong Kong, London and Singapore.