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WeLab Bank launches intelligent foreign exchange conversion feature
WeLab Bank announced the launch of its Smart FX Switch feature effective immediately. Through an intelligent 'Optimal Exchange Rate Decision' system, when users make overseas foreign currency transactions or withdrawals using their WeLab Global Wallet debit card, the system instantly compares the average buying exchange rate in their foreign currency wallet against prevailing market foreign exchange rates and automatically selects the more cost-effective option to complete the transaction. Li Jiada, Chief Executive Officer of WeLab Bank, stated that Smart FX Switch leverages optimal exchange rate decision-making to benefit customers when they make overseas transactions or withdrawals.
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