Travellers feel safer carrying plastic money on trips: Visa | business | Hindustan Times
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Travellers feel safer carrying plastic money on trips: Visa

business Updated: May 21, 2009 15:12 IST

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Business and leisure travellers find it safer to carry plastic money compared with thick wads of notes while on a trip, a survey done by global credit card firm Visa said.

"Forty-five per cent of those surveyed said they relied primarily on payment cards. But, of the 55 per cent who said they relied on cash as their primary method of payment while abroad, only four per cent actually thought cash was safe to carry," Visas Travel Smart survey said.

"Payment cards are certainly a safer option in many seasoned travellers' minds as they are not carrying thick wads of notes in their wallet or purse," Visa's South Asia Country Manager Uttam Nayak said.

The survey found that business travellers travel smart by relying less on cash and instead use a credit, debit or prepaid card.

"Business travellers are more likely to use electronic payment cards (59 per cent) over cash (41 per cent) as the primary payment method while overseas leisure travellers are more inclined to use cash (58 per cent) than cards (41 per cent)," Visa said.

Sixty-eight per cent business travellers consider automated teller machines (ATMs) for cash withdrawal compared with 63 per cent of leisure travellers, it said.