According to the UNWTO, international tourist arrivals worldwide increased 6% in 2018 to reach well over 1bn and this number is attained two years ahead of the organisation’s long-term forecast of 2010.
The trend is likely to continue in the coming years with further increases of 3% to 4% annually.
This growth will also mean an increased use of travel cash cards and prepaid credit cards to pay conveniently and securely abroad.
Wirecard is responding to this global megatrend with a new customisable card product that supports multiple currencies and can be issued by companies to both their customers and employees.
The Multi-Currency Travel Card can be used as a traditional or digital means of payment and is set to replace travellers cheques.
Wirecard says there are no irritating foreign exchange fees when paying or withdrawing money in the destination country, the card is accepted worldwide as a secure means of payment and accounting is much easier thanks to transparent payment processes.
Visit the Wirecard stand at ITB Asia to find out why the practical travel card is also an ideal means of increasing customer or employee retention over the long term using loyalty bonuses or attractive discounts.
4Hoteliers.com covers ITB Asia 2019 at 4Hoteliers.com/itb