MasterCard launches Cash Passport app

PREPAID Worldwide,
a subsidiary of
MasterCard, has
introduced a mobile app
that allows Mastercard
Multi-currency Cash
Passport users to more
effectively manage their
foreign currencies before
departure and while
travelling.
Available for Apple
and Android operating
systems, the free app
allows users to transfer
money between purses,
review transactions and
track their spending on
their phone. It also uses
the mobile phone’s GPS
to inform users where
to find the closest ATM
should they need to
withdraw money.
The Multi-currency
Cash Passport can be
loaded with currency
before departure and
while travelling with
one or more of the four
available currencies
– US dollars, pounds,
euros, and Australian
dollars (with a lockedin
exchange rate). The
cardholder can use
the card to pay for
goods and services or
withdraw cash from ATMs
wherever the MasterCard
Acceptance Mark is
displayed.