British wealth boutique Dolfin has launched a multi-currency payment card exclusively for its private clients.
Backed by Mastercard, the prepaid card is linked to a client’s Dolfin Payment Account.
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Available only to the wealth boutique’s UK resident clients, the card can be managed through a dedicated app or online platform.
Dolfin Mastercard is powered by Volopa, a FCA-authorised international payment services provider.
The card, according to the company, can be used to make purchases across the world. Cardholders don’t have to pay foreign transaction charges on transactions in 14 currencies, including euros, US dollars and Hong Kong dollars.
Users of the card can transact in any other currency provided that they have the base currency, British pounds, on their card.
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By GlobalDataIt also allows cardholders ability to lock-in advantageous FX rates and set spending limits on the go.
Dolfin CFO Sanjay Maraj said that the new card is designed with international clients in mind.
“Dolfin Mastercard allows holders to lock in exchange rates in real time. When doing so, they see the exchange rate and the amounts they will be buying or selling before they accept the transaction. The currency then appears instantly on the card and is ready to use,” Maraj added.
Cardholders can top up and convert currencies, view transactions in real time and block their card using the dedicated app and online platform.
Dolfin COO Amir Nabi said: “The Dolfin Mastercard is another example of us being a true ‘one stop shop’ for our clients. And, although the operational enhancements needed to make it happen were significant, the experience for our clients is simple and seamless.”
