Travel Bank to issue first Visa pre-paid card in Japan

Japan's Travel Bank has partnered Tsys to launch a pre-paid Visa card designed as an alternative to paper travellers' cheques for people going overseas.

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Travel Bank to issue first Visa pre-paid card in Japan

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Tsys will provide processing services for the cards, which can be used to make payments at overseas Visa merchants and cash withdrawals from ATMs.

Hitoshi Kondo, MD, Tsys Japan, says: "We are confident that Japanese consumers who travel overseas will find Visa-branded prepaid cards to be a convenient way to pay when travelling abroad."

In the UK A&L, Barclays, Lloyds TSB, Virgin Money and The Post Office have all launched pre-paid plastic cards aimed at holidaymakers and travellers. In the US Travelex teamed with MasterCard and West Suburban Bank to launch a pre-paid foreign currency card aimed at US customers travelling to Europe.

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