First-of-Its-Kind Forex Card with Single-Currency and 30-Currency Flexibility
GlobalPay, a trusted standard in global payments for leisure, students, and corporate travellers, today announced the launch of the GlobalPay Smart Switch Forex Card, a first-of-its-kind prepaid forex card that enables travellers to start with a single currency and seamlessly switch across up to 30 global currencies on the same card through the GlobalPay app or website, eliminating the need for multiple cards, paperwork or card replacements.
Designed with a focus on leisure travellers, the card offers a more convenient and transparent way to manage international expenses. It will be available through the GlobalPay app, online portal and branch network, and is being introduced with zero forex markup across supported currencies along with a nominal introductory fee, providing travellers a transparent and cost-efficient way to manage international payments.
Product Features
The GlobalPay Smart Switch Forex Card offers a range of capabilities aimed at simplifying cross-border payments:
Single Currency Convenience
- Zero Cross-Currency Fees
- Load in USD and spend in local currencies
- Clear visibility of spends and balance via the GlobalPay App
- Tap-and-pay contactless transactions
Multi-Currency Advantage
- Access 30+ currencies across 180+ countries, ranging from major currencies such as USD, Euro, CAD, and Pound to select exotic currencies including Vietnam (VND), Japan (JPY), Azerbaijan (AZN), Indonesia (IDR), New Zealand (NZD), Korea (KRW), and beyond.
- Smart Currency Management eliminates the need for multiple cards
- Instant currency wallet 2 wallet transfer via GlobalPay App
- Clear visibility of spends and balance via the GlobalPay App
- Tap-and-pay contactless transactions
Key Differentiators
The Smart Switch Forex Card introduces several functional differentiators compared with traditional prepaid forex cards:
- Smart Switch to 30 currencies
With a single currency convenience and zero cross-currency charges, Users can switch to a Multi-Currency wallet supporting 30 currencies, eliminating the need to issue or carry separate forex cards for different currencies or destinations.
- One Card for Multiple Use Cases:
The Smart Switch card enables ATM withdrawals, e-commerce transactions, and cash advances globally, allowing travellers to manage multiple international payment needs through a single card.
- Digital Control and Visibility:
Users can manage their cards through the GlobalPay App, including balance tracking, reloads, and transaction monitoring.
Commenting on the launch, Srikrishna Narasimhan, CEO & Whole-Time Director, GlobalPay, said:
“As international leisure travel from India continues to surge, with outbound travel expected to cross 50 million trips by 2030, travellers are increasingly seeking simpler and more flexible ways to manage payments abroad. Traditional forex cards require travellers to plan currencies, which often creates friction during a global journey. The GlobalPay Smart Switch Forex Card is designed to remove that complexity by enabling seamless switching across multiple currencies on a single card. Our objective is to give global travellers greater control, transparency, and convenience while managing their international spending. As cross-border mobility increases, we believe solutions that combine flexibility, digital control, and cost efficiency will define the next phase of travel payments.”
Rohan Parab, Head of Product, GlobalPay, added:
“Travellers today expect their payment experience to be as seamless as the journeys they take. With the GlobalPay Smart Switch Forex Card, our goal was to eliminate the complexity of managing multiple currencies and cards while travelling internationally. The idea behind the Smart Switch Card was simple: create a single intelligent card that adapts to the traveller’s needs. By combining global acceptance, strong security, and digital convenience, we have built a solution that removes friction from international payments and allows travellers to focus on the experience rather than the logistics.”
The launch of the Smart Switch Forex Card comes amid continued growth in outbound travel from India and increasing demand for digital tools that simplify international payments.