Curve, a global mobile wallet provider, has launched a new foreign spending scheme designed to enhance how customers manage their finances while travelling abroad. The latest initiative aims to eliminate hidden currency conversion fees and increase fee-free spending limits to £100,000, allowing users to save up to 3% on foreign expenditure. Additionally, Curve has introduced a 1% cashback reward on all international spending.
The new features make Curve Pay the only mobile wallet that allows users to “Pay Like a Local.” This means customers can avoid the hassle of preloading money or purchasing foreign currencies in advance. Instead, Curve’s innovative technology converts local currency in real-time to align with the currency of the user’s linked card, removing any foreign transaction fees that traditional banks typically impose. All transactions are executed at the mid-market rate, offering frequent travellers a seamless, cost-effective, and transparent method for managing finances overseas. Customers can access this feature across more than 140 currencies.
Shachar Bialick, Founder and CEO of Curve, highlighted the company’s commitment to helping customers save money. He stated, “Curve is committed to being ‘The Global Wallet That Saves You Money!’ By eliminating hidden foreign transaction fees and increasing our fee-free spending limits, we are addressing a costly pain point for customers who would otherwise end up paying unnecessary costs every time they get their card out. With the addition of the 1% cashback on spending abroad, Curve undeniably offers the best foreign exchange (Fx) benefits in the market for expats and travellers. No one should have to worry about unexpected fees or restrictions while travelling. Through Curve’s latest ‘Killer Fx’ benefits, our customers can spend freely like a local wherever they go.”
Curve’s service is compatible with any bank, providing comprehensive coverage and a cost-effective payment experience. This flexibility ensures that customers can enjoy the advantages of significant savings, enhanced security, and ease of use through their digital wallet.
The enhancements introduced by Curve underline the company’s ongoing commitment to providing superior financial management tools that meet the diverse needs of customers around the globe. By facilitating a more straightforward and transparent approach to foreign spending, Curve is positioned to redefine how individuals and families manage their finances while travelling.
As the travel sector continues to recover post-pandemic, Curve’s new offerings are expected to resonate with a wide range of consumers, from frequent flyers and expatriates to casual holidaymakers. The added benefits of increased spending limits and cashback rewards aim to provide an all-encompassing solution for those looking to save on foreign transactions.
With Curve’s innovative approach, customers are set to experience a more streamlined and beneficial way to handle their financial needs abroad, positioning the brand as a leader in the mobile wallet market.
