With the sudden boom and popularity of Multi-Currency Cards/Accounts in the past year, it is of no surprise that many of us are quick to jump on the bandwagon. Yes, I myself am guilty as charged. From the humble start of Youtrip, to the very similar but different products of Transferwise, Revolut, Instarem and more recently Grabpay Card, I have been quick to apply all of them but the usage of them tells a very different story.

This article is not meant for another review and comparison on all these different cards. You can head on over to Moneysmart’s article here to know more about them.

What I aim to do here is to help us to consider the need and purpose with these cards as compared to traditional payment methods. With each of these Digital Multi-Currency Accounts competing with each other to offer better exchange rates, will there still be