Air Canada and Canadian Imperial Bank of Commerce (CIBC) have launched a new multicurrency prepaid card for travellers in Canada.
The new card will allow customers to purchase and store multiple currencies that can be used at retailers across the globe, wherever Visa is accepted.
With the new card, consumers can manage up to 10 currencies online or through the card's mobile app.
The currencies include: Australian dollar (AUD), Canadian dollar (CAD), Euro (EUR), Great British pound (GBP), Hong Kong dollar (HKD), Japanese yen (JPY), Mexican peso (MXN), Swiss franc (CHF), Turkish lira (TRY) and US dollar (USD).
Cardholders can also make point-of-sale (POS), tap and pay transactions, ATM withdrawals and online purchases anywhere Visa is accepted – automatically in the local currency.
The card, which does not charge any additional fee when used at retailers, will allow users to view latest activities and purchases; check card balances; move funds between currencies.
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By GlobalDataAir Canada vice president of global sales Duncan Bureau said: "Air Canada carries 41 million customers each year to more than 200 destinations on six continents.
"To make their travels even more convenient, we have partnered with CIBC to create a prepaid global currency card. This innovative card gives travellers flexibility and security when dealing with foreign currencies so they can focus on exploring new places."
