GlobalPay unveils prepaid card portfolio for Indian travellers: Features, benefits and strategy explained

GlobalPay has officially entered the prepaid card issuance space with a new suite of forex cards designed for international travellers, students and corporates. Announced at the Global Fintech Festival 2025, these cards signal a strategic shift by the RBI-authorised firm towards becoming a travel-focused cross-border payments platform.

GlobalPay Launches Prepaid Card Suite, Expands Push Into Cross-Border Travel Payments

GlobalPay has launched a new prepaid forex card portfolio, marking a major transition from distributing cards to issuing its own products for international payments.

The announcement was made at the Global Fintech Festival (GFF) 2025, highlighting the company’s renewed focus on cross-border travel solutions for Indian users. The portfolio includes premium and utility-focused options targeting students, leisure travellers and corporate employees.

A Strategic Shift in Business Model

The move positions GlobalPay as more than just a forex services provider — it is evolving into a fintech platform that integrates payments with mobility and travel services.

New Prepaid Cards Designed for Global Travellers

Multiple Card Options Introduced

The new card stack includes:

• Xplorer Metal Global Card

• Smart Switch Card

• Multi-currency prepaid cards

• Co-branded forex cards

These products aim to simplify spending abroad while offering better control over exchange rates.

Tokenisation Support for Secure Payments

According to the company, the cards support tokenisation on Samsung Wallet and Google Wallet, enabling contactless payments across multiple countries — improving safety and convenience for travellers.

Transition to Issuer Model Amid Rising Forex Card Demand

The launch reflects a broader shift happening in India’s travel fintech market. As global spending controls tighten and exchange rates fluctuate, prepaid and multi-currency cards are becoming increasingly important tools for frequent travellers.

GlobalPay is moving from a card distributor model to a card issuer, allowing greater control over product innovation, pricing and security features.

About GlobalPay: Strong Market Presence

WSFx Global Pay Limited — operating as GlobalPay — is:

• RBI-authorised AD-II entity

• Listed on BSE

• Backed by 40+ years of experience

• Serving over 10 lakh customers

• Partnering with 850 corporates and 650 channel partners across India

This established foundation gives the company a strong base to scale its prepaid travel card business.

Digital Transformation and New Platform Launch

The prepaid card rollout is part of GlobalPay’s wider business transformation, which includes:

• A refreshed brand identity

• Expansion into travel-adjacent fintech services

• Development of a new digital platform

Mobile App With Integrated Travel Utilities

The company has launched a mobile application that allows customers to manage their forex cards while accessing services like:

• Global eSIM

• Travel insurance

• Airport lounge access

• Meet-and-assist services

Unlike bundled subscription apps, GlobalPay follows a pay-per-use model for added flexibility.

Leadership Insights

Srikrishna Narasimhan, Whole-Time Director and CEO, highlighted that the card launch represents a major organisational transformation:

“By launching our own card stack and expanding digital services, we are now shaping how India moves abroad, not just how it spends abroad.”

Founder Dilip Modi added that GlobalPay’s business evolution aligns with new-age travel needs:

“GlobalPay has moved from a forex-led business to a mobility-driven financial platform designed around international travel needs.”

Conclusion

With its newly launched prepaid card suite, GlobalPay is redefining its role in India’s travel payments space. By focusing on card issuance, digital services, and integrated mobility offerings, the company aims to strengthen its presence in the booming cross-border fintech market.