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Three quarters of people think it's a waste of time getting foreign currency before you travel

Nearly three quarters of people prepare foreign currency before they go abroad - but also see it as a waste of time.

Visa's 2018 Global Travel Intentions Study found that 72 per cent of travellers prepare cash in foreign currency as part of their planning before they head away, with a similar amount of people seeing it ultimately a waste of time.

Lynne Biggar, Chief Marketing Officer at Visa, said: "Visa research shows 87% of travelers have leftover cash after their trips, but only 29% convert it back, leaving an average of $123 on the table. Visa is turning that costly souvenir into better payment experiences with technology to help make international travel and transactions more seamless and secure."

It is why Visa have teamed up with Arden Cho and brothers Alex & Marko Ayling to launch the Visa Cashless Challenge and one lucky person will win an international adventure of a lifetime to help highlight the benefits of going cash-free on vacation.

The Vagabrothers said: "Of all the incredible places we've explored, Basque Country has a special place in our hearts. We are excited to partner with Visa to create a cash-free trip to one of our favourite destinations, Basque Country. We hope the winner chooses our awesome adventure, and we'll prepare them how to document it along the way."

Whilst Cho added: "I chose Thailand for its rich culture, gorgeous beaches and delicious food. Having just returned from a tropical trip of my own, my goal was to create the ultimate international relaxation vacation - without the added stress of carrying cash!"

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