Mumbai: WSFx Global Pay, formerly Wall Street Finance, has launched a Visa Forex Card designed for Indian students studying abroad. Established in 1
Mumbai: WSFx Global Pay, formerly Wall Street Finance, has launched a Visa Forex Card designed for Indian students studying abroad. Established in 1986, the BSE-listed company specializes in foreign exchange and cross-border payment solutions, leveraging fintech innovation.
The card, named WSFx Student Pay, offers zero forex conversion charges, contactless Tap & Pay technology, and one free ATM withdrawal per month. Additional benefits include International Lounge Access in India, an International Student Identity Card (ISIC) for global discounts, and a complimentary International eSIM for seamless connectivity.
Students can unlock these features by loading a minimum of $3,000 onto the card. The WSFx app complements the product, allowing users to manage their cards, access live forex rates, transfer funds, and monitor transactions in real time. It also includes features such as instant PIN management, wallet balance checks, and a temporary block option for added security.
The card’s Green PIN technology enables instant PIN generation, reducing paper usage and ensuring secure transactions. It supports multi-currency reloads and offers competitive forex rates, with global acceptance through Visa’s network.
According to the company, the international education market in India is valued at $3.5 billion and is projected to grow. This product aims to address the financial challenges faced by students abroad while helping them develop sound financial habits.
Srikrishna Narasimhan, whole-time director and CEO, said, “Sending a child abroad for education is a significant decision for families. This card ensures transparency, security, and peace of mind by eliminating risks like hidden charges.”
Dilip Modi, chairman of Spice Connect, added, “The WSFx Student Pay Card is a reflection of our commitment, providing young global citizens with financial tools that are secure, transparent, and tailored for their journey. By helping students manage their finances responsibly, we aim to give families the confidence and peace of mind they deserve as they take this significant step towards building a brighter future.”
WSFx is part of Spice Connect, a conglomerate with a 25-year history in telecom and technology. Its fintech ventures include Spice Money and WSFx Global Pay, focusing on delivering technology-driven financial solutions.
In September 2009, B.K. Modi’s Spice Group acquired amajority stake in Wall Street Finance, a forex and money transfer firm, from Reliance Money, which had previously held a36.8% stake in the company before exiting the investment.The acquisition was part of Spice Group’s strategy to expand its financial services portfolio and enhance its presence in the fintech sector.
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