International Travel: Key Checklist for Secure Payments Abroad – CNBC TV18

Managing your finances while traveling abroad can be a challenge, but a little preparation goes a long way. Visa has shared a checklist to help travelers make secure payments and avoid financial hassles while exploring new destinations.

Here are key tips, along with insights to make your travel experience easier:

Enable International Transactions

Avoid the hassle of carrying large amounts of cash. Activate international transactions on your debit and credit cards through your banking app or customer service. This step ensures that you can use your card globally for purchases and payments.

Set up contactless payment

Add your card to your phone’s digital wallet

Before travelling. Tap-to-pay options using platforms like Apple Pay or Google Wallet offer speed, security, and convenience. You can leave your physical cards in a safe place when traveling light.

Use two-factor authentication and transaction alerts

Fraud protection is important when traveling. Visa recommends enabling two-factor authentication (2FA) for added security. Additionally, activate real-time transaction alerts to monitor your spending and detect any unauthorized activity.

Carry a debit card in case of emergencies

If you encounter “cash only” establishments, carrying a debit card allows you to withdraw money from ATMs. Look for cards with competitive foreign transaction fees to save costs.

Preload Multi-Currency Forex Card

Avoid fluctuations in exchange rates by pre-loading funds on a multi-currency forex card. These cards let you pay in local currency and are widely accepted globally. Many providers also offer zero-conversion fees, making them a cost-effective option.