The FinTech Hub
Source: Live Mint International ATM withdrawals with debit, credit, and forex cards levy a ₹150-500 fee per transaction. But the Global Forex Card, a single-currency forex card denominated only in US dollars, doesn’t charge this fee. The BMF card also solves the biggest challenge associated with forex cards—cross-currency conversion. When forex cards are used in…
Source: Live Mint If you frequently travel abroad to different countries, having a forex card in the wallet can be quite useful. HDFC Bank offers various forex cards under the HDFC Bank ForexPlus cards range. Currently, HDFC Bank is running a limited-time offer that gives 5X reward points on loading or reloading the ForexPlus cards…
Source: Live Mint The National Payments Corporation of India (NPCI) has been expanding UPI’s global footprint since its first international collaboration with Singapore in 2020. Countries that now accept UPI payments include Singapore, the United Arab Emirates, Sri Lanka, Mauritius, Bhutan, Nepal and France. Arun Panicker, a 56-year-old traveler from India, recently experienced this firsthand…
Source: Live Mint A more economical option is a prepaid forex card, which allows you to carry foreign currency in the form of plastic in place of cash. A forex card is cheaper because the markup charged on currency conversion is lower compared to what banks apply to debit cards when they are swiped outside…
