Indian Overseas Bank (IOB) has released its latest multicurrency prepaid travel card in collaboration with MasterCard.
The Multicurrency Forex Travel Prepaid Card allows travellers to manage money from a basket of 16 currencies, including USD, EUR, GBP, SGD, AUD, CAD, JPY, AED and CHF.
The cardholders can load only six currencies at a time which can be exchanged for any other currency according to their needs. They can use the card to pay for goods and services anywhere in the world except in India, Nepal and Bhutan.
Valid for a period of five years, the card with multi-currency wallet options can be used not only for upcoming international trip but also for future trips.