Travel Wallet & Lotte Card Disrupt Travel Payments with Fee-Free Hybrid Card
SEOUL, SOUTH KOREA – July 15, 2025 – Travelers rejoice! A game-changer in international spending has arrived. Travel Wallet and Lotte Card today announced the launch of the ‘Travel Wallet Hybrid Lotte Card,’ a first-of-its-kind card designed to eliminate the frustrating and often substantial fees associated with overseas transactions. This breaking news is set to significantly impact how people pay for goods and services while traveling, offering a seamless and cost-effective solution for global adventurers. This launch is a major development in the fintech space, and we’re covering it live for Google News readers.
How the Travel Wallet Hybrid Card Works
The innovative card combines Travel Wallet’s popular prepaid foreign currency service, ‘Travel Pay,’ with the convenience of a Lotte Card credit card. Users can load up to 45 different foreign currencies directly into the Travel Wallet app at real-time exchange rates. When making purchases abroad, the card prioritizes using the prepaid balance, completely avoiding overseas service fees (typically 0.2%) and international brand fees (1.1%). This is a huge win for consumers who often unknowingly lose money to these hidden charges.
But here’s where it gets really smart: if the prepaid balance is insufficient, the transaction automatically converts to a credit card payment – still without incurring those pesky overseas and international brand fees. This automatic transition provides a safety net and ensures a smooth payment experience, even when you’re unsure of your remaining balance.
Earn Rewards While You Explore
Beyond fee elimination, the card offers a compelling rewards program. Every purchase, both domestic and international, earns 1% of the transaction amount as ‘Travel Points.’ These points can be conveniently exchanged for foreign currency directly within the Travel Wallet app, regardless of how much the card is used. Major currencies like the US dollar, Euro, and Japanese Yen boast a 0 won exchange fee, further maximizing savings. Even less common currencies benefit from reduced exchange fees ranging from 0.5% to 2.5%, making it a cost-effective option for off-the-beaten-path adventures.
Accessibility and Cost
The Travel Wallet Hybrid Lotte Card is readily accessible through the Travel Wallet app, the Lotte Card Digi app, and the Lotte Card homepage. The annual fee is 20,000 won.
The Bigger Picture: A Shift in Global Payment Solutions
This launch isn’t just about a new credit card; it represents a broader trend towards more transparent and user-friendly global payment solutions. For years, travelers have been burdened by opaque fees and unfavorable exchange rates. Companies like Travel Wallet are leading the charge in disrupting this system, leveraging technology to empower consumers and simplify international transactions. The rise of fintech companies specializing in travel payments is directly responding to a growing demand for financial clarity and convenience.
“It is the strength of this card to reduce the burden of overseas payment fees and increase the convenience with automatic credit payment transition function,” stated Kim Hyung-woo, CEO of Travel Wallet. “We will improve our user-centered global payment experience through various cooperation.” This sentiment reflects a growing industry focus on putting the traveler first.
The Travel Wallet Hybrid Lotte Card is poised to become an essential tool for anyone who frequently travels internationally, offering a smart, convenient, and cost-effective way to manage expenses abroad. For those planning their next adventure, this card deserves a serious look – it could save you a significant amount of money and hassle. Stay tuned to archyde.com for continued coverage of the latest developments in travel and fintech.
Ryu Geun-il, reporter [email protected]
