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Travel Money with YES BANK to launch Forex Card on Visa network

Posted On: 2019-08-16 13:31:38

Ritesh Pai, Chief Digital Officer, YES BANK said, "YES BANK is pleased to partner with FCM Travel to provide highly secure digital payment solutions coupled with a completely seamless experience to customers while travelling abroad. Such partnerships are an extension of YES BANK's A.R.T. (alliances and relationships driven by technology) philosophy and puts us firmly on the track to be the cutting-edge digital bank in India. As a Bank, we always focus on future-ready concepts and strategies and be ahead of the curve in implementing new age banking solutions for the ease of our customers."

Murali Nair, VP and Head of Business Development, India, Visa said, "People who travel overseas and to different countries often have to manage multiple currencies in cash and worry about the threat of loss or theft. We are delighted to partner with Yes Bank and bring India's first cobranded Multi-Currency Travel Prepaid Card to the customers of Travel Money. They can now travel and use these cards in any part of the world without worrying about their money's safety."

Prabhu R, Director, M2P Solutions P Ltd said, "India is going through a phase of rampant growth in foreign travel for leisure and work. Travellers yearn for better experiences and convenience during their travel abroad. We are pleased to bring to life this exciting product to market, in partnership with Yes bank and FCM Travel and we are confident that the Travel Forex Card is a perfect mix of technology, convenience & safety, providing travellers complete peace of mind."

Mr. Rakshit Desai, Managing Director, FCM Travel Solutions - Indian subsidiary of Flight Centre Travel Group added, "We are always looking to make travel more comfortable and hassle free for our travellers. The Travel Money Forex Card lets travellers spend in 10 different currencies world over and comes with a host of features, exclusive benefits and ease of use, making travelling abroad easy. In this endeavour, we are happy to have Yes Bank as our trusted partner in offering high quality services to travellers."

Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions, said, "With an increasing number of Indians travelling abroad every year, potential travellers requiring forex card services continue to grow. With the launch of this co-branded card with Yes Bank, Travel Money is looking forward to use technology to make international travel even more convenient for our growing traveller base. We are certain that we will use this opportunity to make a difference in travellers' lives."

The card's distinctive features provide travellers total control of their card at their fingertips. Travellers can load up to 10 currencies on the card, track their daily travel budget, instantly check the INR value on the app, and locate surcharge free ATMs nearby. Additionally, in case of suspicious transactions, the card can be easily locked/ blocked by the traveller without assistance from customer service. The Travel Money YES BANK Multi -Currency Visa card is available across 135 Travel Money offices in India.

Shares of YES BANK LTD. was last trading in BSE at Rs.76.55 as compared to the previous close of Rs. 73.6. The total number of shares traded during the day was 11539093 in over 39820 trades.

The stock hit an intraday high of Rs. 77.85 and intraday low of 70.5. The net turnover during the day was Rs. 871193281.


Source: Equity Bulls

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