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CIBC and Air Canada launch global currency card


October 18, 2016
By Canadian Vending

Toronto – Air Canada and CIBC have teamed up to create a prepaid card that allows Canadians to purchase and store multiple currencies that can be used at retailers wherever Visa is accepted.

The CIBC Air Canada Conversion Visa Prepaid Card, available through Air Canada, is a reloadable prepaid card that allows clients to store up to 10 currencies on one card that is managed by a dedicated mobile app.

Features include the ability to manage up to 10 currencies online or through the card’s mobile app without the worry of fluctuating foreign exchange rates, and make point-of-sale, tap and pay transactions, ATM withdrawals and online purchases anywhere Visa is accepted and automatically in the local currency.

“Air Canada carries 41 million customers each year to more than 200 destinations on six continents. To make their travels even more convenient, we have partnered with CIBC to create a prepaid global currency card. This innovative card gives travellers flexibility and security when dealing with foreign currencies so they can focus on exploring new places,” said Duncan Bureau, vice-president of Global Sales at Air Canada.

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The following currencies are included:

  • Canadian dollar-CAD
  • Australian dollar-AUD
  • Euro-EUR
  • Great British pound-GBP
  • Hong Kong dollar-HKD
  • Japanese yen-JPY
  • Mexican peso-MXN
  • Swiss franc-CHF
  • Turkish lira-TRY
  • U.S. dollar-USD