Nimo Forex Launches Zero-Markup Multi-Currency Forex Card
Today we are launching what we believe is the most traveller-friendly forex card in India — the Nimo Multi-Currency Forex Card. With zero markup on exchange rates, support for 15+ currencies, and a sleek mobile app for instant management, this card is built to save Indian travellers real money on every international transaction.
Why We Built a Zero-Markup Forex Card
Most forex cards in India advertise "low" markups, but the fine print tells a different story. Hidden conversion fees of 1.5–3%, cross-currency charges when you spend in an unloaded currency, ATM withdrawal fees of Rs 150–250 per transaction, and inactivity fees that eat into your balance — these costs add up fast. On a two-week European holiday with Rs 3 lakh in spend, a typical forex card's hidden charges can cost you Rs 6,000–9,000. We decided to build something better. The Nimo forex card charges zero markup over the interbank rate at the time of loading, and we mean truly zero — not "up to zero" or "zero on select currencies." You see the exact rate you get, and what you see is what you pay.
How the Nimo Multi-Currency Card Works
The Nimo forex card is a prepaid card issued on the Visa network, accepted at over 40 million merchant locations and 2 million ATMs worldwide. Here is how it works:
- Load currencies via the app — Choose from USD, EUR, GBP, AED, SGD, AUD, CAD, JPY, THB, SAR, MYR, CHF, SEK, NZD, and HKD. Lock the rate in real time and load instantly.
- Spend abroad — Tap or swipe at any Visa-accepting merchant. If you spend in a loaded currency, the exact amount is debited with zero conversion. If you spend in a currency you haven't loaded, the card auto-converts from your highest-balance wallet at the live interbank rate with zero markup.
- Withdraw cash — Get up to 5 free ATM withdrawals per month worldwide. After that, a flat fee of Rs 75 per withdrawal applies — still far cheaper than most competitors.
- Track everything — The Nimo app shows every transaction in real time with the exact exchange rate applied, so you always know exactly what you spent in rupees.
Nimo Forex Card vs Other Travel Cards in India
Here is how the Nimo card compares to popular alternatives on the key metrics that actually matter to travellers:
Exchange rate markup: Nimo charges 0%. Most bank-issued cards charge 1.5–2.5%. Other fintech cards charge 0.5–1.5%.
Cross-currency conversion: Nimo charges 0% (interbank rate). Banks typically charge 2–3.5%. Other fintechs charge 1–2%.
ATM withdrawals: Nimo offers 5 free per month. Banks charge Rs 150–250 per withdrawal. Other fintechs offer 1–3 free.
Card issuance fee: Nimo charges Rs 199 (one-time). Banks charge Rs 200–500. Other fintechs charge Rs 0–499.
Reload fee: Nimo charges Rs 0. Banks charge Rs 75–100. Other fintechs charge Rs 0–50.
Who Should Get the Nimo Forex Card?
The card is ideal for a wide range of travellers:
- Leisure travellers — Save thousands on your next holiday. Load your expected spend at today's rate, protect yourself from currency fluctuation, and enjoy your trip without worrying about hidden charges.
- Students abroad — Parents can load the card remotely via the app, set spending limits, and track expenses in real time. Monthly maintenance fees and forex conversion costs are eliminated.
- Business travellers — Instant expense reconciliation, digital receipts for every transaction, and seamless integration with corporate expense tools. Ask about our corporate bulk loading programme for teams.
- Frequent flyers — Keep balances in multiple currencies and use the right wallet automatically. No need to reload before every trip if you maintain running balances.
Security Features That Protect Your Money
The Nimo forex card includes enterprise-grade security:
- Instant card lock — Lost your card? Lock it in one tap from the app. Unlock it when you find it.
- Transaction alerts — Real-time push notifications for every transaction, so you spot unauthorised activity immediately.
- Dynamic CVV — Your online CVV refreshes every 24 hours, making stolen card details useless for e-commerce fraud.
- Zero-liability protection — You are never liable for unauthorised transactions reported within 48 hours.
How to Get Your Nimo Forex Card
Getting started takes less than 10 minutes:
- Download the Nimo app or visit our forex card page.
- Complete Aadhaar-based e-KYC — fully digital, no branch visit required.
- Your virtual card is ready instantly. Use it for online bookings right away.
- Your physical card ships within 3 business days via insured courier, free of charge.
Ready to stop overpaying for forex? Get your Nimo forex card today and join thousands of Indian travellers who are already saving with zero-markup currency exchange. Questions? Our support team is available 7 days a week.
