NiYO, the new-age digital banking solutions provider for salaried employees, has launched NiYO Global Travel Card, which 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 in her pocket, 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, according to a statement on Monday.
The card is supported by a cutting-edge mobile app, which gives users the ability to lock and unlock either the full card or a payment channel anytime, anywhere in the world. The app also provides real-time notifications on usage, exchange rates and refunds, while helping users find convenient ATM locations, avail nearby offers – thus making it one of the most modern cards in the world today.
Business travellers can submit claims on-the-go by adding bills for each transaction right in the app.
These claims can be instantaneously approved by their employer organisations via the NiYO Corporate Portal.(UNI)
