All you need to know about travelling cashless hassle-free, safe, and saving money while spending in foreign currency
Travelling light and cashless have become the mantra the modern generation lives by. With the advances in fintech, everyone increasingly realizes the benefits of plastic and digital money, not to mention the savings that add up along the way. In recent years, cashless payment systems have become extremely popular, reliable, seamless, accessible, and easy to use for all.
You no longer have to carry cash. Also, there’re no longer long queues for exchanging travellers’ cheques or currency. There’re plenty of cashless ways to make payments, including international credit or debit cards, forex cards, e-wallets, etc.
Benefits of Travelling Cashless
Why travel cashless, you ask? There are countless benefits of cashless travelling. Travelling cashless and using international travel cards to save on foreign exchange markups, get access to airport lounges, and secure international transactions have become more mainstream. Here are the top 4 benefits of travelling cashless and using international travel cards.
Travel cashless to save on forex charges
While spending in foreign currency, charges add up in terms of forex fees etc. International travel card such as the Niyo Global card comes with zero forex markup, meaning all currency conversions happen in real-time at the VISA exchange rates, and there are no fees or charges for bringing you this convenience. This saves you up to 3-5% in fees as compared to other options available. While this percentage looks small, the savings add up to a sizeable amount by the time you complete your overseas trip.
Also, the best part of the Niyo travel card is that only the amount needed to make a payment gets converted into local foreign currency. The remaining balance in your account continues to earn interest because it’s linked to a high interest-earning savings account and gives a monthly interest payout– Earn. Save. Spend., anywhere in the world.
Carry little or no cash at all
Carrying a lot of cash is neither convenient nor safe. The Niyo Global card works on the VISA network, so considering their worldwide network, the card works at VISA-accepting merchants in over 150 countries across the globe and has the best acceptance rate for over 100 currencies. This means you don’t have to carry any foreign currency in cash while travelling and yet enjoy the benefits such as free airport lounge access and zero forex markup while exchanging your regional currency for foreign currency.
If at all you need any local currency, the nifty in-app ATM Locator can show you nearby ATMs, anywhere in the world, to withdraw cash.
Safe and secure while travelling
The safety and security of your money while travelling abroad are of utmost concern. To address this, the Niyo Global card comes with state-of-the-art features to keep your account and card free of misuse. The Lock/Unlock options let you control individual payment channels (card swipe, online, ATM withdrawal, Tap and Pay) for domestic and international transactions so that only the channels you use are active at any time. The Block option lets you permanently lock your card in case it is lost or stolen. For added security, the Niyo Global card comes with Chip and PIN technology and the convenience of contactless payments with Tap and Pay.
What’s more? The Niyo Global account is insured for up to 5 lakhs under the “Deposit Insurance and Credit Guarantee Corporation (DICGC)”, a wholly-owned subsidiary of the Reserve Bank of India (RBI).
While you’re assessing your options for carrying money on your trip, here’re a few do’s & don’ts while carrying money abroad.
Keep tabs on your money in real-time
Going cashless with digital savings account such as Niyo Global, which comes with an international VISA Signature debit card, is the only travel card you’ll need to travel anywhere in the world. The integrated app lets you keep track of your money in real-time from anywhere in the world:
- Instant transaction notifications
- In-app currency converter to check your transaction amount even before you pay
- In-app ATM Locator to find ATM near you across the globe
- Transaction history in local currency for clarity
- Reset PIN on the go
- Lock/Unlock/Block card for added safety
- Adjust limits for individual payment channels
Comfort is paramount for many travellers. Hence they prefer getting access to an airport lounge to rest before the flight and layovers. If you are looking for the best credit card for lounge access, you can find many, but none of them matches the benefits of the Niyo Global card.
The Niyo Global zero forex markup card can be your best friend during international trips.
This zero forex markup card can be your best friend during international trips. Travelling cashless with the Niyo Global card comes with the perks of complimentary access to airport lounges across India.