CrediMax in collaboration with FEXCO has launched the new Dynamic Currency Conversion (DCC) service.

Dynamic Currency Conversion (DCC) or Cardholder Preferred Currency (CPC) is a financial service in which the cardholders have the cost of a transaction converted to their local currency when making a payment in a foreign currency.

Currently this feature is only possible for Visa and MasterCard networks.

Exchange Rates

• The exchange rates are sourced from Reuters, a globally recognised provider of foreign exchange rates
• The Reuters Wholesale Interbank exchange rates are competitive and comparable with those used by card issuers.
• These rates are updated six times daily to ensure that the cardholder receives the most appropriate exchange rate at the time of the purchase