22 November 2010

Travel cards in vogue as more Indians globetrot

Travel cards in vogue as more Indians globetrot - Money - DNA:
With more Indians travelling abroad, banks and card companies have sniffed a big opportunity. They are launching preloaded cards which travellers can use for shopping and other purposes overseas.

The cards stacked with multiple benefits provide an alternative to cash and traveller cheques. Since the cards are pre-loaded with the currency of the country the traveller is visiting, they protect against fluctuations in foreign exchange rates.