What is a Multi-Currency Wallet?
- A Multi-currency wallet is one of the features of the Merchantrade Money VISA Prepaid Card where you can pre-load up to 20 different foreign currencies.
- The default currency is Ringgit Malaysia (MYR) while the available foreign currencies are:
US Dollar (USD) British Pound (GBP) Australian Dollar (AUD) Singapore Dollar (SGD) Indonesia Rupiah (IDR) Euro (EUR) Thai Baht (THB) Japanese Yen (JPY) Saudi Riyal (SAR) Chinese Renminbi (CNY) New Taiwan Dollar (TWD) Hong Kong Dollar (HKD) South Korean Won (KRW) Indian Rupee (INR) Philippines Peso (PHP) Canadian Dollar (CAD) New Zealand Dollar (NZD) Swiss Franc (CHF) Vietnamese Dong (VND) United Arab Emirates Dirham (AED) - This feature allows you to pay in the local currency of the country you are visiting, as long as you have pre-loaded your card with sufficient funds before travelling abroad or shopping online.
- You can exchange MYR with the listed 20 foreign currencies or exchange any of the listed 20 foreign currencies to MYR via Mobile Application and Web Portal. The foreign exchange rates can be found in Mobile Application and Web Portal.
- The maximum amount you can exchange and store will be based on your card’s overall wallet size in MYR. The total cumulative value of your multi-currency wallets must not exceed your card’s overall wallet size in MYR.
- Transactions made in any of the 20 listed foreign currencies supported by Merchantrade Money VISA Prepaid Card but with insufficient available balance, the value of the transaction will be processed using respective Listed Currency Wallet(s) in the following order of priority: MYR, USD, SGD, GBP, AUD, IDR, EUR, THB, YEN, SAR, CNY, TWD, HKD, KRW, INR, PHP, CAD, NZD, AED, CHF and VND at conversion rate set by VISA international.
- The number of listed currencies available may vary from time to time.