Wise launches mid-market rate Travel Card in India

Key facts

• Wise launched its multi-currency Travel Card in India.
• India recorded 3.89 crore outbound departures in 2024.
• Over 75,000 Indians joined the waitlist for the Wise Travel Card.
• Indians spent nearly USD17 billion overseas last year, a steep increase from the USD3–4 billion annual average before FY22.
• Traditional forex cards apply 2–4 per cent non-transparent margins on currency conversions.
• These margins add INR4,000– INR8,000 in extra costs on a INR2 lakh transaction.
• The Wise Travel Card supports more than 40 currencies.
• The card works across 160+ countries on the Visa network.
• Users receive free ATM withdrawals up to USD200 per month.
• Beyond the USD200 limit, a fee of USD 1.40 plus 3.25 per cent applies for ATM withdrawals.
• Wise is waiving its INR460 card issuance fee for new customers signing up before 10 February 2026.
• The Wise Travel Card carries no annual, subscription, or inactivity fees.