Foreign exchange provider Travelex in collaboration with Wirecard has introduced Supercard, a new card and app combination for UK travellers to avoid overseas debit and credit card roaming fees and charges when spending abroad.
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In 2015, Travelex unveiled Supercard on a pilot basis to enable solve travellers’ spending problems. Following a successful pilot, Supercard is now offered to the UK citizens.
For this program, Wirecard is working as the technical service provider and takes over the whole acquiring processes and the risk management. In addition, Wirecard Card Solutions, a Wirecard Group company, is acting as the issuer of the Supercard.
Supercard combines all existing credit and debit cards into one card, which will be chip and PIN protected. The card is accepted wherever MasterCard cards are accepted.
Customers will have to connect their credit or debit card though an app to their Supercard – and receive instant updates via the app on how much they spend and savings incurred.
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By GlobalDataUsers get the MasterCard wholesale rate which indicates that users do not require paying any additional fees or charges when the card is used for spending in other countries.
Travelex chief digital officer Sean Cornwell said: "At Travelex we’re on a mission to create innovative financial products to help our customers’ break down the borders that limit them from living internationally.
"Supercard provides them with the power to remove the boundaries they face when spending abroad, meaning they can travel with the peace of mind of knowing they’re not getting charged fees and charges for spending with their UK bank cards abroad."
