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October 2, 2024
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Maximizing Transaction Efficiency: Virtual Cards for Travelling Abroad from Indonesia in 2023
6 min read
May 31, 2023
As the holiday season approaches, with summer vacations in June and July followed by the upcoming December holidays, the excitement for traveling abroad is reaching its peak in Indonesia. Both leisure and business travelers are gearing up for a bustling season, as the tourism industry springs back to life with full force after many international borders for popular destinations like Singapore, New Zealand, Australia, and Japan start opening up after the COVID-19 pandemic slows down.
Unleashing Global Travel Opportunities Post-COVID-19
Traveloka, the leading travel platform in Southeast Asia, has recently reported a significant increase in outbound travel demand during the first quarter of 2023 compared to the previous year, including international travel. The World Tourism Organization (UNWTO) also confirms that international tourism is steadily recovering and is on track to reach pre-pandemic levels. In the first quarter of 2023, a staggering 235 million tourists traveled internationally, which is twice the number compared to 2022. Additionally, international arrivals have reached 80% of pre-pandemic levels during the same period.
When it comes to traveling abroad, Indonesian travelers commonly rely on two primary payment methods: cash or cards. In addition to carrying paper money, using cards issued by international providers like Mastercard is widely accepted in hundreds of countries worldwide. These cards are generally recognized by a broad range of merchants globally, enabling seamless offline and online transactions while on the move. Moreover, they have established collaborations with numerous banks that offer internationally usable cards. Examples include OCBC NISP Global Wallet, BCA Credit Cards, Danamon World MasterCard, BNI Debit Cards, and many more.
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Activating Seamless Transactions: Introducing Virtual Cards for Indonesian Travelers
Embracing the advancements in the digital payment services industry, virtual cards have now started to emerge as a convenient alternative for both business and leisure travelers. These cards offer a range of benefits, including:
Enhanced Security
With virtual cards, there is no physical card that can be lost or stolen, reducing the risk of unauthorized transactions. Additionally, they often come with advanced security features such as tokenization and two-factor authentication, providing an extra layer of protection against fraud.
Easy Expense Tracking
Transactions made with virtual cards can be easily monitored and tracked through online platforms or mobile apps. This makes it convenient for both business and leisure travelers to keep a record of their expenses, which is particularly beneficial for budgeting, reimbursement, or tax purposes.
Streamlined Reimbursement (for Business Travelers)
Instead of submitting paper receipts or manually reconciling expenses, virtual card transactions can be easily captured and matched with corresponding travel expenses. This simplifies the reimbursement process for both employees and employers, saving time and reducing administrative burdens.
Quick and Convenient Issuance
Virtual cards can be issued quickly and conveniently, making them ideal for travelers who require immediate access to funds. Whether it's booking a last-minute flight or paying for accommodation upon arrival, virtual cards can be generated instantly, eliminating the need to wait for physical cards to be issued or delivered.
If Your Business is Looking to Issue Virtual Cards for Your Travelling Customers from Indonesia...
...then let Ayoconnect do it for you! We are the leading Indonesian fintech (financial technology) firm in providing the best Open Banking and Open Finance APIs (Application Programming Interface) and have been trusted by more than 200+ companies across Southeast Asia.
Through our strategic partnership with Mastercard, a global leader in card issuance, we present you with the ideal solution: Ayoconnect's White Label Virtual Cards. Our cards can be customized specifically for your Indonesian traveling customers, offering unparalleled convenience and flexibility. Designed specifically for your Indonesian traveler customer base, these cards will offer unparalleled convenience and flexibility.
What are the Advantages of Ayoconnect's White Label Virtual Cards?
Go Live in Days
We can launch virtual cards on your platform within just 7 days, without the need for additional regulatory approvals. This quick implementation saves you time and ensures a seamless experience for both you and your customers.
Global Experience
Your customers can make online purchases for their travel-related expenses using our virtual cards, including flight tickets, and entertainment tickets (such as amusement parks and museums), and even pay for ridesharing services like Grab or Uber overseas. This functionality enhances convenience and accessibility for your customers wherever they are.
Flexible for All Types of Usage
Our virtual cards are suitable for both leisure and business travel. Whether your customers are exploring new destinations for leisure or attending important meetings abroad, our cards offer the flexibility and adaptability required for diverse travel purposes.
Easy Expense Management for Businesses
Your business will benefit from a centralized dashboard accessible through our embedded interface, which can be accessed and monitored easily via the web or any mobile device. This user-friendly interface simplifies expense management, allowing you to track and control your travel-related spending efficiently.
Ready to #MoveForward with us? Contact us for more information here!
