How to do international transactions when travelling abroad from India?
Blog Outline
There are 6 options to make your payment internationally. Here are they:
- Cash
- International Debit Cards
- International Credit Cards
- Traveller’s Cheques
- International Money Transfer
Top 5 ways of paying Internationally while travelling from India
1.Cash
Benefits
- Carrying small amounts of cash is advisable to pay internationally for expenses like street shopping, food, and local taxis where cash payments may be necessary.
- Online payment modes can raise difficulty in low network areas or with vendors who accept only cash.
Smart Tip
Carrying cash can be a hassle, as you must always be vigilant. You will be under constant threat from pickpockets and theft. Moreover, analysing how much money you will need on your trip takes time and effort. Therefore, you should carry cash via a card.
2. International Debit Cards
Benefits
- Good deals by banks offer no foreign exchange commission that many other foreign payment methods have to pay.
- A prepaid debit card can help you stay within your budget.
Smart Tip
3. International Credit Card
- Foreign exchange fees are meagre and sometimes zero when the banks are competitive.
- As you are already familiar with the process, the transactions are hassle-free.
- It is the only foreign payment method where you don’t have to pay for the amount you use immediately.
4. Traveller’s Cheques
Benefits
- Traveller’s cheques can maintain your budget when you pay internationally as they are less flexible than cards.
- They are helpful when cards are not accepted.
Smart Tip
5. International Money Transfer
Benefits:
Smart Tip
Why use the Niyo Global card as your travel payment partner?
For the new generation wondering how to do international transactions! Niyo Global Card is a smart solution. It’s a travel card with zero forex markup that removes people’s main hassles when handling foreign currency when travelling. It’s an INR-based card accepted globally (150+ countries), including India. It offers various features like:
- Zero forex markup on all international transactions
- Free lounge access at select international terminals in India
- Load in INR use in 150+ countries and 130+ currencies
- Earn 1% cashback as global coins
- Card delivered in 2-3 days
- 24×7 in-app chat support
Key takeaways
When travelling abroad, it’s crucial to diversify your payment methods by using a combination of credit/debit cards and a small amount of foreign currency in cash. Carefully research and compare currency conversion fees and exchange rates offered by different financial institutions to minimise unnecessary expenses.
Additionally, always notify your bank about your travel plans to ensure a smooth and secure financial experience during your international trip. Planning and choosing the best ways to carry money abroad can help you save on conversion and transaction fees, making your journey more cost-effective and hassle-free, whether for vacation or business purposes.
Frequently Asked Questions
You can check the balance on a Forex card in the bank’s online portal, mobile app, or in an ATM. You can also call customer service for assistance. Keep your card details confidential and promptly report any unauthorised transactions.
Safeguard your information using secure Wi-Fi networks, regularly monitoring your accounts, and notifying your bank of your travel plans for uninterrupted international transactions.
