BFC Payments, the Fintech arm of BFC Group Holdings, has collaborated with M2P Fintech, Asia’s largest API infrastructure company, to launch an advanced multicurrency card.
The BFC Pay Travel Buddy card, which is powered by M2P Fintech along with Visa Platinum as the network partner focuses on providing travellers with fast top-ups, instant currency conversion and worldwide shopping and dining.
With the rise in business and leisure travel post-pandemic, the need for safe and seamless digital payment instruments globally has grown and one of the key benefits of the BFC Pay Travel Buddy card is the ability to instantly load BHD and transfer to five different currencies in the wallet at attractive exchange rates. In addition, the exchange rate lock feature allows the forex (FX) rate to be secured when converting the currency.
“Everything is done instantly through the BFC Pay mobile app, whether applying for the card, loading the money or buying FX. We want customers to travel cash-free and give them the most cost-effective solution on all their international spending, be it booking tickets online or shopping while you travel,” said Davis Parakal, General Manager, BFC Payments in a statement.
Vaanathi Mohanakrishnan, Business Head, Mena, M2P Fintech added, “We are excited to partner with BFC Payments to offer the multicurrency travel card. M2P’s Cards Suites, which enable over 30 million payment instruments in Asia, has innovation at its heart. The versatility of prepaid travel cards is just another illustration of M2P’s ability to develop tailor-made solutions to meet the diverse requirements of consumers and maximise customer delight.
