Improving card offering with Visa
Virgin Australia has partnered with Visa to add a pre-paid travel money card to its frequent flyer membership scheme. As a result, the solution will enable loading multiple currencies onto the card.
The airline’s Global Wallet will allow its Velocity Frequent Flyer members to store and load multiple foreign currencies, including Australian dollars. The contactless card can be used by travellers at thirty million Visa locations globally, as well as withdraw cash at two million ATMs. Any purchase automatically earns Velocity Frequent Flyer points.
Neil Thompson, CEO, Velocity Frequent Flyer commented: “We are delighted to unveil the Global Wallet in partnership with Visa. This new prepaid innovation encapsulates Velocity Frequent Flyer’s proposition as a multi-faceted program that pushes traditional boundaries. Australians are increasingly attracted to faster and smarter ways to pay and are using cash less and less often. The Global Wallet is an innovative new product that will appeal to consumers looking for an easy way to make everyday purchases, as well as better manage their money when travelling overseas.”
Related reading
Report: DLT, SWIFT gpi, Ripple and cryptos shape payments
The greatest impact of blockchain on payments is the acceleration of SWIFT gpi, according to Ed Adshead-Grant, general manager of payments, at ... read more
People moves: Token, Mid-Southern Bancorp, Ethereum and more
Token appoints new CTO San Francisco-based open banking platform provider Token appointed Gaurav Kohli as chief technology officer on January 29. As ... read more
Banks’ consumer engagement undergoing “fundamental shift”
The way that consumers are interacting with their banks is undergoing “a fundamental shift” towards digital, but the industry shouldn’t be too ... read more
Instant payments in a flash | podcast
Instant Payments are one of the latest developments in payments.
