Become the Ultimate Travel Buddy: Launch Your Forex Card with our prepaid card solution

In our increasingly interconnected global landscape, businesses, regardless of their size, are stretching their boundaries to explore and capitalize on international markets, igniting a surge in growth and innovation. Projections indicate that the global travel card market is poised to experience a steady growth trajectory, with an estimated CAGR of 16.6% from 2024 to 2032. This growth is propelled by the rising trend of international travel and a growing appreciation for the advantages offered by travel cards.

Analyzing the travel card market reveals a notable preference for multi-currency Forex cards, which are garnering significant preference. For more practical purposes, travelers would be better off carrying a Multi-currency card that provides an array of benefits paying in the country’s local currency, including access to airport lounges, enticing welcome packages, and perks like loyalty points and complimentary travel insurance. Notably, these cards offer the added advantage of eliminating hefty exchange rates associated with international debit & credit cards.

How It Works:

Multi-currency  Forex card is a prepaid foreign currency denominated card that allows users to load actual foreign currencies at a fixed exchange rate at the time of loading. In the event of funds depletion, the card automatically reloads with default currencies. It provides real-time tracking of funds, and can be issued in both physical and virtual forms. Additionally, it is configured to be accessible through various channels including online, POS or ATM.

What we provide:

We offer a suite of sophisticated features & plug & play model designed to streamline transactions across multiple currencies in diverse geographical regions & readymade API’s & SDK’s for ease of integration into their system. Our advanced algorithms ensure precise conversion of transactions into the cardholder’s local currency. This provides the advantage of accessing favorable exchange rates and circumventing currency conversion fees, as local currencies are pre-loaded onto the card, fees & charges can be set at both product level as well as card level by the entities for their customer. The backend infrastructure of our card supports the management of multiple currency wallets, each capable of holding balances in various currencies. Furthermore, our system is equipped with fraud detection algorithms that meticulously analyze transaction patterns, monitor for suspicious activities, and promptly trigger alerts or block transactions when necessary. Additionally, our card is compatible with global payment networks and other regional payment schemes. Card Issuers can leverage iServeU’s existing partnership with multiple national & international banks & exchange houses to issue multi-currency cards with a variety of features suited to customer needs.