Change money virtually with DBS, Visa scheme

Singapore

DBS and Visa on Wednesday unveiled a new overseas payment solution for travellers and online shoppers, using the DBS Visa Debit card and the bank's Multi-Currency Account (MCA).

Using the MCA, customers can choose to purchase a desired amount from 12 currencies including the Singapore dollar, locking in a specific exchange rate. The money is held in the appropriate currency wallet within the account, and travellers can use the Visa debit card linked to the account to make payments in the local currency.