Kalixa scraps FX fees to assist travellers this year

Kalixa, the prepaid MasterCard from Vincento Payment Solutions Ltd today announces that it will be permanently waiving its standard foreign exchange (FX) fee for all transactions made abroad in an effort to help beleaguered business and leisure travellers this year.

Combined with Kalixa’s market leading exchange rate, cardholders can save between 2% and 6% compared to standard industry fees.

In a further bid to help cash-strapped consumers, Kalixa has also waived the fee for loading via internet banking along with the annual fee and card renewal fees. This will make Kalixa a favored choice in the pre-paid card market by avoiding the often costly loading and replacement card charges imposed by many providers and will result in a saving for consumers of 99p per load and £4.95 for a card replacement.

Furthermore, where the cardholder’s bank participates in the Faster Payment Service (FPS) the funds will be available on the Kalixa® card the next working day.

Suresh Vaghjiani product manager at Vincento Payment Solutions, says:

“2010 was a tough year for business and leisure travellers with ash clouds, strikes and snow hampering efforts to go abroad. However, due to the overwhelming success of our summer FX activity, we have decided to permanently waive all foreign exchange fees, finally giving travellers something to look forward to all year long. Using a Kalixa card abroad has a number of benefits, not least convenience, as well as protecting against card fraud and this dropping of the FX fee is yet another compelling reason to sign up.”

*Kalixa recommends using internet banking for best value