Wirecard has agreed to issue digital, multi-currency Visa card, dubbed Travel Cashcard, for Chinese currency exchange company United Money.
The new card will offer an alternative to checks and cash for Chinese travellers while abroad. It is accessible through an online account.
The Wirecard Travel Cashcard supports currencies from Australia, Hong Kong, Japan, Singapore, the UK, US and Eurozone. Travellers can load the card prior to their journey which locks the exchanges rates.
United Money founder Jiang Zhongmo said: “We are delighted to offer our customers a reliable and secure payment solution, which is backed by trusted industry leaders Wirecard and Visa.
“As experts in the field of foreign currency exchange, we are confident that Wirecard’s digital payment solution will fulfil the expectations of our customers, whether they are first-time or experienced travellers.”
The currency exchange company currently operates about 100 exchange offices in airports, business districts and upscale communities across China.
Wirecard executive vice-president of Global Financial Services Grigoriy Kuznetsov said: “As a global company at the forefront of digital financial innovation, we understand the barriers that are faced when paying in a foreign currency.
“This is why we are proud of the collaboration with United Money, a market leader in China in the area of currency exchange. We look forward to developing further innovative solutions for United Money.”
Earlier this month, Wirecard established a similar alliance with Ctrip to offer prepaid, multi-currency Visa cards for Chinese travellers.