PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Are Contactless Multi-Currency Prepaid Cards the New Preferred Travel Card

Sue Brown by Sue Brown
September 24, 2018
in Analysts Coverage, Prepaid
0
Credit Cards, Ant Financial, e-Yuan, prepaid cards

Credit Cards, Ant Financial, and Jack Ma: Sour Grapes or e-Yuan?

3
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Volopa a foreign exchange fintech and London-based payment company is seeking to make travel to multiple countries seamless from a payments perspective with its multi-currency prepaid card. Utilizing Global Processing Services (GPS) processor platform which offers:

  • Single global processing platform for next generation programs
  • Scalability, simple integrations utilizing over 90 open APIs to suit a wide range of clients
  • Certified by Mastercard and Visa as third-party issuer processor (Europe, US, Latin America, Middle East, Africa, Asia-Pacific)
  • Ability to support external authorization
  • Supports ALL currencies
  • Fully tokenized, enabling Program Managers and Issuers to not require PAN
  • Proven interface capabilities with 40 global card manufacturers
  • PCI DSS v3.2 level 1 compliant across each of our data centers 

“Customers can hold and spend up to 14 local currencies on the cards. The prepaid cards automatically detect the local currency when making purchases at merchants or ATMs abroad and use the local currency for the transaction with no additional conversion or foreign transaction charges typically associated with using debit or credit cards abroad. Customers can also spend in any other currency as long as they have the base currency on the cards. The cards come with secure and intuitive mobile and web based applications enabling customers to seamlessly manage their cards, monitor and control their expenditure on the go. This includes the ability to see transactions in real time, instantly top up and exchange currencies 24/7, block cards and transfer funds between cards.”

Not only do they offer individual accounts, a corporate version is available as well. Add in a key strength of Volopa to deliver custom branded cards presents a unique advantage in the marketplace.  For travelers that visit multiple countries in one visit the convenience of not having to convert currency or to pay the typical 3% currency transaction fee is a big differentiator.

Overview by Sue Brown, Director, Prepaid Advisory Service at Mercator Advisory Group

Tags: Prepaidtravel cards
3
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    digital payments

    Navigating the Future: Top Digital Payment Trends to Watch

    March 31, 2023
    scams

    As Scams Become Omnipresent, New Tools Can Help FIs Fight Back

    March 30, 2023
    item clearing

    As Check Volumes Decrease, Financial Institutions Need to Consider Alternative Clearing Options

    March 29, 2023
    payments friction

    Too Much Payments Friction Can Lead to Customer Chafing

    March 28, 2023
    online fraud

    Understanding the Cost of Online Fraud and How to Prevent It

    March 27, 2023
    live shopping, ebay

    Q&A: eBay Exec on Live Shopping and the Future of Payments

    March 24, 2023
    AI and Biometrics in Regulatory Compliance in Finance

    The Importance of AI and Biometrics in Regulatory Compliance in Finance

    March 23, 2023
    Everyone Benefits from the Real-Time Payment Networks  

    Everyone Benefits from the Real-Time Payment Networks  

    March 22, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result