Recent data shows that India recorded approximately USD 432 million overseas departures in 2024, with this number being mostly driven by leisure travel (42.5%), diaspora travel (34.7%), and business trips (14.9%). Additionally, spending beyond borders has scaled exponentially.
Currencies, pricing, and more
Specifically for India, Wise’s multi-currency travel card provides transparent pricing and supports over 40 currencies, with the offering focusing on offering an improved experience for travellers who often face hidden fees from traditional providers.
According to Wise, the travel card leverages the mid-market exchange rate and displays a transparent conversion fee. Over 75,000 individuals have joined the waitlist within a month after the company announced the upcoming launch at the Global Fintech Festival. This emphasises the increasing demand for transparent pricing and optimal payment solutions.
Read more: https://thepaypers.com/payments/news/wise-rolls-out-multi-currency-travel-card-in-india
