GlobalPay introduces Smart Switch Forex Card for travellers

GlobalPay has introduced a Smart Switch Forex Card aimed at simplifying international payments for travellers by enabling users to switch between multiple currencies on a single prepaid card.

The card, announced in Mumbai, allows travellers to begin with a single currency and later switch to a multi-currency wallet supporting up to 30 currencies through the GlobalPay mobile application or online platform. The company said the product is designed to remove the need for multiple forex cards when travelling across several destinations.

According to GlobalPay, the card can be loaded in US dollars and used for transactions in local currencies, with the option to switch to a broader multi-currency wallet covering more than 30 currencies across over 180 countries. Supported currencies include widely used ones such as the euro, Canadian dollar, and pound sterling, as well as select regional currencies including the Japanese yen and Indonesian rupiah.

The Smart Switch card supports ATM withdrawals, eCommerce payments, and contactless transactions, while allowing users to track balances, reload funds, and monitor spending through the GlobalPay app. The company said the offering will initially be introduced with zero forex markup across supported currencies and a nominal introductory fee.

Srikrishna Narasimhan, CEO & Whole-Time Director, GlobalPay, said, “As international leisure travel from India continues to surge, with outbound travel expected to cross 50 million trips by 2030, travellers are increasingly seeking simpler and more flexible ways to manage payments abroad. Traditional forex cards require travellers to plan currencies, which often creates friction during a global journey. The GlobalPay Smart Switch Forex Card is designed to remove that complexity by enabling seamless switching across multiple currencies on a single card. Our objective is to give global travellers greater control, transparency, and convenience while managing their international spending. As cross-border mobility increases, we believe solutions that combine flexibility, digital control, and cost efficiency will define the next phase of travel payments.”

The launch comes as outbound travel from India continues to expand, creating greater demand for digital payment tools that offer flexibility, transparency, and control over cross-border spending. Industry observers note that FinTech providers are increasingly targeting travel-related payments with products that combine multi-currency capabilities, app-based management, and global acceptance, positioning them as alternatives to traditional forex cards issued by banks.