BFC Payments, the FinTech arm of BFC Group Holdings W.L.L., recently partnered with M2P Fintech, an API infrastructure business, to introduce an innovative multicurrency card, BFC PAY TRAVEL BUDDY, that gives international travellers flexibility and convenience by allowing fast top-ups, immediate currency conversion, worldwide shopping, dining, and more. M2P Fintech provides the card’s technology stack, and Visa Platinum serves as the network partner.
Davis Parakal, General Manager, BFC Payments, said, “For Travel Buddy, we wanted to offer our customers a superior digital experience. Everything is done instantly through the BFC Pay mobile app, whether applying for the card, loading the money or buying FX. We want customers to travel cash-free and give them the most cost-effective solution on all their international spending, be it booking tickets online or shopping while you travel.”
A secure and convenient digital payment method, like the multi-currency prepaid card, is essential for travellers, given the increase in business and leisure travel following the pandemic. The BFC Pay Travel Buddy card’s capacity to rapidly load BHD and transfer to five different currencies in the wallet at favourable exchange rates is a key benefit in this regard. The ability to safeguard the forex (FX) rate when converting the currency is provided by the exchange rate lock feature. BFC Pay Travel Buddy Card uses the greatest features of M2P’s “Cards Suite” to offer customers quick, secure, and convenient payment options.
“We are excited to partner with BFC Payments to offer the multicurrency travel card. M2P’s Cards Suites, which enable over 30 million payment instruments in Asia, has innovation at its heart. The versatility of prepaid travel cards is just another illustration of M2P’s ability to develop tailor-made solutions to meet the diverse requirements of consumers and maximize customer delight”, commented Vaanathi Mohanakrishnan, Business Head, MENA, M2P Fintech.