September 29, 2013

EastWest Bank launches SEA’s 1st multi-currency prepaid card

East West Banking Corp. is launching next week Southeast Asia’s first multi-currency prepaid card. The multi-currency card can load up to six different currencies in just one card – US dollar, euro, British pound, Hong Kong dollar, Australian dollar and Japanese yen.

The pre-paid card will also be more secured as it is not linked to any of the client’s bank accounts. Any purchases made through the prepaid card, Eastwest Bank said, would require the client’s signature. One of the features of the card is that it has locked-in exchange rates.

“Pay off your purchases cashless through point-of-sale (POS) terminals from all Visa-affiliated merchants abroad regardless of the currencies you loaded,” EastWest Bank said. - WealthSec