Posted on 12/04/2018 at 08:00
Wirecard and lastminute.com extend partnership to offer multi-currency Visa cards for travelers
The solution will target around 10 million monthly users of lastminute.com
- The partnership allows cardholders to load multiple currencies onto the lastminute.com Visa Card, avoiding currency conversion fees
- Prepaid lastminute.com Visa Cards will be issued by Wirecard and can be used at millions of acceptance points worldwide
Wirecard, the global innovation leader for digital financial technology, has extended its partnership with lastminute.com to offer multi-currency Visa Cards. The two companies have been collaborating in the field of acquiring as well as Supplier and Commission Payments (SCP) for subsidiaries of lastminute.com for several years. The new solution, known as the lastminute.com Visa Card, will allow travelers from next week onwards to pay in the local currency at millions of acceptance points worldwide, avoiding currency conversion fees. The widely-accepted Visa card will be also quickly reloadable, making it as convenient as possible for users to leverage on the cheapest exchange rates while traveling.
As issuer of the lastminute.com Visa Card, Wirecard will support main functions including card activation and reloading via the mobile app. In the lastminute.com dedicated, branded app, cardholders can manage their expenses via the multi-currency dashboard, view their transaction history, carry out wallet-to-wallet transfers, and even lock their cards if necessary.
Kathrin Klausa, Head of Product Management Sales Travel at Wirecard says, “As the global innovation driver for digital financial technology, it is essential to us to reduce barriers when paying electronically and digitally in a foreign currency. Offering digital solutions together with Visa and lastminute.com to make payments abroad easier is very exciting for us. Our extended partnership with lastminute.com shows our innovative drive and attention to the needs of the international travel market.”
Sergio Signoretti, Chief Financial Officer at lastminute.com comments, “As we celebrate our 20th anniversary this year we are delighted to announce this modern and convenient payment solution backed by our trusted partners Wirecard and Visa, which will go a great way to enriching the lives of travelers. We want the card to become the preferential payment method on our properties to help the 10 million monthly users of our website save money and our lm cardholders gain exclusive advantages when using the card. We look forward to cooperating further with Wirecard in developing smart and innovative travel solutions for the next twenty years and further.”
The lastminute.com Visa Card will offer many benefits to both novice and experienced travelers: cardholders will be able to use their cards to pay around the globe, while uploading it in British Pounds, US Dollars, and Euros. In addition, they will be able to use the cards to withdraw cash from Visa-branded ATMs and to complete online purchases. Additionally, the cooperation will enable travelers to take advantage of more competitive exchange rates and to travel cash-free. Finally, the lastminute.com Visa Card will offer some exclusive voucher rewards for early adopters of the card that can be used for their next trips – with a maximum of £250 in vouchers potentially up for grabs (t&cs apply).Download Press Release