NiYO Global Travel Card For International Travellers - GADGETS AND INNOVATIONS

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Monday, April 15, 2019

NiYO Global Travel Card For International Travellers



With summer vacations around the corner, family holiday plans are at its peak. Indian families are increasingly travel to international destinations with ease of travel opportunities like low cost airlines and visa on arrival facilities. However, carrying foreign currency still remains one of the top concerns for most travelers.

How much foreign currency to carry and how to carry it are two questions that perplex travellers. Using just cash is not advisable, especially if your holiday is a long one. Other than hard cash, there are a few other ways you can carry forex -- travellers cheques, plastic money in the form of debit and credit cards, and prepaid travel cards. However, the disadvantage of using the card includes additional charges like Currency Markup and Cross Border Charges

With the launch of the NiYO Global Travel Card, this concern has now been resolved. The NiYO Global Travel Card is the first-ever forex card with ‘zero forex mark-up’. Travellers, using this card, will not pay any currency exchange premium and international transaction fees – unlike a regular forex card. With the NiYO Global Travel Card, the overseas traveller will effectively have no need for the usual multi-currency forex cards or travellers’ cheques – all the while making international transactions cost-effective across 150-plus countries and 35 million merchants worldwide. Besides the cost-effective feature, NiYO Global Card also offers instant digital onboarding, convenient loading from the user’s bank account via NEFT/IMPS.
Comparison Table



Comparison Table

ATM, ECOM Or POS Transaction Of $1000
Particulars
Forex Card
Credit/ Debit Card
 NiYO Card
Currency Markup per $1000
$10-20
$10-20
$0
Foreign Currency Exchange Fees
$0
$20-35
$0
Cross Border Charges
$0-20
$20-35
$0
Cash Advance Fee
$0
$25
$0
TOTAL (Approximately)
$10-$40
$75-$90
$0



The company’s senior spokesperson would be happy to discuss details about the global travel card, growth potential (market size) and how the launch is in line with the brand’s commitment to offer the entire gamut of digital financial services for its customers.




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