The Visa Multicurrency
Travel Prepaid card will allow cardholders to load up to three currencies
(Euro, US$, Sin$) onto a single card.
Designed to meet the needs of the growing segment of Myanmar
nationals who are traveling abroad in record numbers, the card can be used for
overseas transactions anywhere Visa is accepted - at tens of millions of
merchants, either online or in-store, as well as to withdraw cash at 2 million
ATMs worldwide.
Mr. Somboon Krobteeranon, Visa Country Manager, Myanmar and Thailand ,
said, “This progress is the result of the vision and partnership between Myanmar banks and Visa to modernize payments for
the people of Myanmar .
In the past year we’ve seen tremendous growth in the development of the local
banking sector and we believe the potential remains high for Myanmar to leapfrog traditional
payment systems and develop a financially inclusive infrastructure that will
benefit the whole country.
Since December 2012 when Visa’s payment system was
introduced in the country, transactions on Visa cards by tourists, inclusive of
ATM withdrawals, have accounted for US$15 million. Today in Myanmar , Visa cardholders can
withdraw cash from more than 250 ATMs, and make payments at more than 600
retail points across the country.
Features of the Visa Multicurrency Travel Prepaid Card
include:
- Ability to Lock in Exchange Rate before Travel: Avoid
fluctuating exchange rates with the card by locking in foreign currency
exchange rates before you travel.
- Multicurrency
Capabilities: With the Visa Multicurrency Travel Prepaid card, travelers can
leave their cash at home and load up to three different currencies (Euro, US$,
Sin$) on a single card.
- Safer than Cash: The Visa Multicurrency Travel Prepaid
card is a secure way for Myanmar
nationals to carry their funds when travelling abroad for business, holiday or
education. Cardholders can load up to US$ 5,000. It is a reloadable card with
Chip and PIN protection. The cardholder’s signature is required to make
purchases and a PIN is required when withdrawing cash from ATMs.
- Better Manage Personal Expenses: The Visa Multicurrency
Travel Prepaid card is also a good way to manage spending because cardholders
can easily keep track of their load balances, view transaction details and
statements online.
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