German payments company Wirecard has collaborated with UAE-based Al Ansari Exchange to launch a new multi-currency card solution.

It will also offer an accompanying mobile app.

The newly launched Al Ansari multi-currency Visa Platinum Card will enable users to make payments in 16 different currencies.

The travel card can be used to make online payments. Furthermore, users can withdraw money at more two million Visa ATMs and exchange foreign currencies.

The card can be recharged at any Al Ansari Exchange’s branch network within UAE.

The accompanying mobile app will also allow users to fully manage the card wallets.

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In case the card is lost, stolen or simply unused, customers can instantly lock it using the app. It will also allow users to check their card balance and transaction history.

Creating innovative card solutions

Wirecard said that its advanced authorisation algorithm will enable able customers to hold multiple wallets. They can also check available payment balance in preferred currency.

Al Ansari Exchange general manager Rashed Ali Al Ansari said: “At Al Ansari Exchange, it is our desire to provide world-class products and services to our customers with maximum comfort and convenience, using the latest technology.

“Wirecard shares this goal and this is why they are the ideal partner for us, helping us to deliver an innovative and enhanced multi-currency solution that meets the needs of our customers.”

Wirecard regional managing director Nabila Nouinou said: “Just like Wirecard, Al Ansari Exchange uses innovation to redefine the customer experience. We are proud to work with Al Ansari Exchange to introduce the new multi-currency Visa Platinum travel card to the market.

“Travel cards are an excellent value-added service to help travel and tourism companies as well as financial institutions increase customer loyalty and distinguish themselves from the competition.”

In January this year, Wirecard expanded its partnership with Google Pay, making boon available in Ireland, Spain and the UK.