Latest news with #InternationalStudentIdentityCard
Mint
4 days ago
- Business
- Mint
Studying abroad? How prepaid forex cards help manage student expenses
Are you going abroad for studies? Then, a prepaid forex card, which is specially designed for students, will be a handy tool for managing your expenses. Prepaid forex cards for students come with a host of benefits including multi-currency features, locked-in exchange rates and lower transaction fee compared to regular debit and credit cards. Here is a guide on the features, benefits and what you should look for while getting prepaid forex cards. A prepaid forex card for students is a convenient and secure way to carry foreign currency abroad. It offers features such as multi-currency support, locked-in exchange rates, and lower transaction fees than regular debit or credit cards. 'Prepaid forex cards provide multi-currency loading options, online tracking, secure chip-and-pin technology, easy reload functionality, and easy blocking in case of loss or theft,' says Ankit Mehra Co-Founder and CEO of GyanDhan, an NBFC (Non-Banking Finance Company) that has a tie-up with edtech firms. 'Additionally, forex cards lock in the loaded amount, protecting against currency fluctuations,' he says. 'These cards can be used for payments and ATM withdrawals globally. Many service providers offer student-friendly perks such as zero issuance fees, discounted rates, free international SIM cards, and travel insurance,' says Pavan Kavad, Managing Director, Prithvi Exchange, an RBI licensed forex dealer. These cards are widely accepted at merchants and ATMs worldwide, making them an ideal choice for students studying abroad. They come with added benefits like expense tracking through mobile apps and instant card blocking in case of loss. Prepaid forex credit cards are a smart choice for students studying abroad. They offer benefits such as global acceptance, online tracking, and easy reloads from India. They ensure safe, convenient payments and help manage foreign currency expenses efficiently. Students should ensure that their forex card comes with ISIC (International Student Identity Card) as an additional benefit. ISIC provides access to thousands of discounts worldwide on travel, food, shopping and educational resources. 'Combining an ISIC with a forex card helps students save money on everyday expenses and enhances their international experience. Many banks and forex providers also offer combo deals that include both cards for extra savings and convenience,' Kavad says. 'Additionally, pairing a forex card with an ISIC card provides verified student status and also unlocks additional global discounts on travel, shopping, and entertainment, making the student's overseas experience more economical,' Mehra says. Mastercard is offering ISIC as a complementary benefit for all prepaid forex cardholders who are on its network in India. Education finance consultants say that students should ideally load a prepaid forex card with enough funds to cover at least 3-6 months of expected expenses, including tuition fee, rent, and living costs. 'A typical initial load ranges from $3000 to $10,000, depending on the destination and the cost of living. Since forex cards are reloadable, students can top up funds as needed,' Kavad says. 'The load comes with a limit of $7500 daily, which is enough. So, students can load sufficient funds for the first couple of months, and then reload based on actual expenditure patterns,' Mehra says. Incidentally, students can transfer up to $250,000 per financial year for their studies abroad under RBI's 'Liberalised Remittance Scheme'. Consultants say that prepaid forex cards can also be used for large payments such as tuition fees. 'Prepaid forex cards should not be limited to managing only routine expenses. While they are ideal for daily needs like groceries, transportation, and dining, they can also be used for larger payments,' Kavad says. 'However, for tuition fees, it's essential to check if the university accepts card payments. Otherwise, a wire transfer from an Indian bank might be required,' he says. 'Forex cards can safeguard the amount from exchange‐rate uncertainty. Thus, loading larger sums when rates are favourable can shield students from future volatility. Beyond daily expenses, preloading tuition fees in advance locks in favourable rates and minimizes exchange costs,' Mehra says. Most banks issue prepaid forex cards to students who are more than 18 years old. There are banks that issue these cards to students above 12 years of age. In any case, the student should have secured admission in a foreign school/college/university to get the card. Here are the documents that you have to furnish to the bank for availing the card. Self-attested copy of valid passport Self-attested copy of PAN card of the Applicant or Guardian (If the applicant is a major, PAN card of the applicant is mandatory. Additionally, if the forex card is funded by the Guardian, the PAN card copyof the Guardian is mandatory). Self-attested copy of Appointment letter/ Admission letter/University Identity Card Cancelled cheque/passbook copy Self-attested copy of international travel ticket or visa (any one) Copy of 'Passbook' or one year 'Account Statement', used for funding the forex card. Self-attested copy of Form I-20 if the student is going to the US for higher studies. Form I-20, officially titled the 'Certificate of Eligibility for Non-Immigrant Student Status', is a crucial document for international students seeking to study in the US. The signature of the 'Guardian' is required on the application form if the applicant is between 12 to 18 years old. The card will be activated only after complete verification of the KYC (Know Your Customer) documents. Allirajan M is a journalist with over two decades of experience. He has worked with several leading media organisations in the country and has been writing on mutual funds for nearly 16 years.
India Today
15-05-2025
- India Today
Study Abroad: 6 hacks for cheap flights, student discounts and smart savings
Studying abroad is an exciting adventure, but it can also become costly if you're not careful. From airfare and accommodation to daily expenses, the costs can add up quickly. The good news is that with the right strategies, you can save a lot without missing out on your experience. Whether you're booking your first international flight or navigating life in a new country, these six travel hacks—ranging from finding cheap flights and student discounts to clever money-saving tips—will help you stretch your budget while maximising your time abroad opens up unparalleled academic and cultural opportunities, and with careful planning, you can create unforgettable travel experiences as well. However, between flights, hotels, and tours, expenses can accumulate rapidly. Thankfully, there are smart, student-friendly tips that can help you go further for less, inputs from Ritika Gupta, Counsellor at AAera are the best travel tips every study abroad student needs to know. 1. Fly cheap and book smartAirfare is one of the largest expenses, but it doesn't have to cost an arm and a fares using tools such as Skyscanner, Google Flights, or Hopper to monitor price midweek or off-peak hours whenever possible—this tends to be flying in and out of secondary airports if the primary hubs cost too shop incognito to prevent cookie-based price Student Universe and STA Travel provide special student and youth discounts—sign up and compare!2. Access student discounts everywhereBeing a student has its benefits—make the most of an International Student Identity Card (ISIC) for international student enquire if a museum, gallery, store, or restaurant has student prices—it's usually not advantage of various discount Most public transportation systems have youth or student passes—purchase them ahead of time to save a bundle on commuting.3. Pack light, travel easilySkip the high baggage fees and make things easy by packing in a carry-on backpack to save time and money at the essentials that can be layered and forget such essentials as a universal power adaptor, a refillable water bottle, and a compact first-aid Space-maximising compression packing cubes keep your bag tidy.4. Opt for budget-friendly transportationDitch expensive taxis—venture out and discover local transport and regional travel Europe, purchase a Eurail or Interrail pass for free-form train travel between overnight buses or trains to save on both transport and accommodation.5. Sleep cheap and safeHotels can be pricey—opt for budget alternatives with hostels via Hostel World or and read the reviews university housing boards for affordable sublets or short-term student Airbnb for group accommodations or couch-surfing for local, free experiences (just be careful and consider safety first).6. Take advantage of free and low-cost activitiesNot all things memorable are costly—some of the best are free walking tours in big cities (just tip your tour guide).Go to museums on free-admission days or with your student through local markets, parks, and cultural at Meetup or Facebook events for free local events.
Zawya
25-02-2025
- Business
- Zawya
Vodafone Oman marks 3 years of growth capturing nearly 14% market share with historic 5G next level network roll-out
MUSCAT: Vodafone Oman is marking its third anniversary with strong market expansion, record growth, and bold strides in digital transformation, solidifying its position as a change-driver in Oman's telecommunications sector. Just three years since its launch, the company has achieved an approximate 14% market share, increased its customer base by 18% year-on-year, and expanded its 5G NEXT LEVEL network to cover over 98% of the population, making it the fastest nationwide 5G rollout in Oman's history. The company's rapid acceleration is a testament to its strategic vision, digital-first approach, and relentless focus on customer experience. Unlike traditional operators, Vodafone Oman entered the market as a fully cloud-based, digital-native operator, prioritizing agility, efficiency, and seamless service delivery. In 2024 alone, revenue grew by 58%, a reflection of the company's ability to scale rapidly while maintaining strong operational efficiencies. 'When we launched Vodafone Oman, we set out to challenge the status-quo and redefine connectivity. Today, we are more than a telecom provider; we are an enabler of digital lifestyles, a driver of innovation, and a trusted partner in Oman's evolving economy. Our growth is not just measured in numbers, but in the trust we've built, the experiences we've shaped, and the lasting impact we are creating,' said Eng. Bader Al Zidi, CEO of Vodafone Oman. A key pillar of Vodafone Oman's success has been its ability to anticipate and meet evolving customer needs. In 2024, the company expanded its BLACK and RED offerings, ensuring greater flexibility and value for both individuals and businesses. The launch of BLACK for Business marked a significant milestone, empowering enterprises with tailored mobility solutions designed to enhance scalability and efficiency. Additionally, student plans under RED prepaid and BLACK postpaid were introduced, featuring enhanced affordability, connectivity, and access to exclusive benefits via the International Student Identity Card (ISIC)—a first in the Sultanate. Beyond new products, Vodafone Oman strengthened its market position through strategic partnerships including securing a long-term agreement with Friendi Mobile to transition its +700,000 customers to Vodafone's 5G NEXT LEVEL network. This move further amplifies the company's reach, reinforcing its commitment to delivering high-speed, uninterrupted connectivity at scale. Vodafone Oman's expansion has not only strengthened the telecom landscape but also generated tangible economic impact. In 2024, the company's In-Country Value (ICV) contribution exceeded OMR 63 million, prioritizing Omani SMEs, local businesses, and national talent development. Over the past three years, Vodafone's total ICV investment has now reached OMR 180 million, demonstrating its long-term commitment to Oman's economic growth and digital transformation. As the digital ecosystem evolves, Vodafone Oman has positioned itself as a leader in cybersecurity as well ensuring that both individuals and businesses remain protected against emerging threats. In 2024, the company launched CyberSafe, a comprehensive security solution designed to enhance digital protection and resilience. The company's cybersecurity efforts were recognized through a string of prestigious industry accolades, including the COMEX 2024 Cyber Security Award, CYSEC Cyber Security Leader of the Year, and the Al Roya Business Award for Cyber Security Excellence. Looking to the future with a fully independent 5G network covering over 98% of the population, Vodafone Oman has laid the foundation for its next chapter — one focused on enhancing customer experiences, scaling enterprise solutions, and leading Oman's digital economy into the future. 'Three years in, and this is just the beginning,' added Al Zidi. 'We are fast-tracking into the future, delivering more innovation, more value, and setting new benchmarks for customer experience. The way we see it, Vodafone is not just a network; it's an experience, a partner, and a driver of Oman's digital progress.' © Muscat Media Group Provided by SyndiGate Media Inc. (
Observer
24-02-2025
- Business
- Observer
Vodafone Oman marks three years of growth, capturing 14% market share
MUSCAT: Vodafone Oman is marking its third anniversary with strong market expansion, record growth, and bold strides in digital transformation, solidifying its position as a change-driver in Oman's telecommunications sector. Just three years since its launch, the company has achieved an approximate 14% market share, increased its customer base by 18% year-on-year, and expanded its 5G NEXT LEVEL network to cover over 98% of the population, making it the fastest nationwide 5G rollout in Oman's history. The company's rapid acceleration is a testament to its strategic vision, digital-first approach, and relentless focus on customer experience. Unlike traditional operators, Vodafone Oman entered the market as a fully cloud-based, digital-native operator, prioritising agility, efficiency, and seamless service delivery. In 2024 alone, revenue grew by 58%, a reflection of the company's ability to scale rapidly while maintaining strong operational efficiencies. 'When we launched Vodafone Oman, we set out to challenge the status-quo and redefine connectivity. Today, we are more than a telecom provider; we are an enabler of digital lifestyles, a driver of innovation, and a trusted partner in Oman's evolving economy. Our growth is not just measured in numbers, but in the trust we've built, the experiences we've shaped, and the lasting impact we are creating,' said Eng Bader al Zidi, CEO of Vodafone Oman. A key pillar of Vodafone Oman's success has been its ability to anticipate and meet evolving customer needs. In 2024, the company expanded its BLACK and RED offerings, ensuring greater flexibility and value for both individuals and businesses. The launch of BLACK for Business marked a significant milestone, empowering enterprises with tailored mobility solutions designed to enhance scalability and efficiency. Additionally, student plans under RED prepaid and BLACK postpaid were introduced, featuring enhanced affordability, connectivity, and access to exclusive benefits via the International Student Identity Card (ISIC) — a first in the Sultanate of Oman. Beyond new products, Vodafone Oman strengthened its market position through strategic partnerships including securing a long-term agreement with Friendi Mobile to transition its +700,000 customers to Vodafone's 5G NEXT LEVEL network. This move further amplifies the company's reach, reinforcing its commitment to delivering high-speed, uninterrupted connectivity at scale. Vodafone Oman's expansion has not only strengthened the telecom landscape but also generated tangible economic impact. In 2024, the company's In-Country Value (ICV) contribution exceeded RO 63 million, prioritising Omani SMEs, local businesses, and national talent development. Over the past three years, Vodafone's total ICV investment has now reached RO 180 million, demonstrating its long-term commitment to Oman's economic growth and digital transformation. As the digital ecosystem evolves, Vodafone Oman has positioned itself as a leader in cybersecurity as well ensuring that both individuals and businesses remain protected against emerging threats. In 2024, the company launched CyberSafe, a comprehensive security solution designed to enhance digital protection and resilience. The company's cybersecurity efforts were recognised through a string of prestigious industry accolades, including the COMEX 2024 Cyber Security Award, CYSEC Cyber Security Leader of the Year, and the Al Roya Business Award for Cyber Security Excellence. Looking to the future with a fully independent 5G network covering over 98% of the population, Vodafone Oman has laid the foundation for its next chapter — one focused on enhancing customer experiences, scaling enterprise solutions, and leading Oman's digital economy into the future. 'Three years in, and this is just the beginning,' added Al Zidi. 'We are fast-tracking into the future, delivering more innovation, more value, and setting new benchmarks for customer experience. The way we see it, Vodafone is not just a network; it's an experience, a partner, and a driver of Oman's digital progress.'
Times of Oman
24-02-2025
- Business
- Times of Oman
Vodafone Oman marks 3 years of growth capturing nearly 14% market share with historic 5G next level network roll-out
MUSCAT: Vodafone Oman is marking its third anniversary with strong market expansion, record growth, and bold strides in digital transformation, solidifying its position as a change-driver in Oman's telecommunications sector. Just three years since its launch, the company has achieved an approximate 14% market share, increased its customer base by 18% year-on-year, and expanded its 5G NEXT LEVEL network to cover over 98% of the population, making it the fastest nationwide 5G rollout in Oman's history. The company's rapid acceleration is a testament to its strategic vision, digital-first approach, and relentless focus on customer experience. Unlike traditional operators, Vodafone Oman entered the market as a fully cloud-based, digital-native operator, prioritizing agility, efficiency, and seamless service delivery. In 2024 alone, revenue grew by 58%, a reflection of the company's ability to scale rapidly while maintaining strong operational efficiencies. 'When we launched Vodafone Oman, we set out to challenge the status-quo and redefine connectivity. Today, we are more than a telecom provider; we are an enabler of digital lifestyles, a driver of innovation, and a trusted partner in Oman's evolving economy. Our growth is not just measured in numbers, but in the trust we've built, the experiences we've shaped, and the lasting impact we are creating,' said Eng. Bader Al Zidi, CEO of Vodafone Oman. A key pillar of Vodafone Oman's success has been its ability to anticipate and meet evolving customer needs. In 2024, the company expanded its BLACK and RED offerings, ensuring greater flexibility and value for both individuals and businesses. The launch of BLACK for Business marked a significant milestone, empowering enterprises with tailored mobility solutions designed to enhance scalability and efficiency. Additionally, student plans under RED prepaid and BLACK postpaid were introduced, featuring enhanced affordability, connectivity, and access to exclusive benefits via the International Student Identity Card (ISIC)—a first in the Sultanate. Beyond new products, Vodafone Oman strengthened its market position through strategic partnerships including securing a long-term agreement with Friendi Mobile to transition its +700,000 customers to Vodafone's 5G NEXT LEVEL network. This move further amplifies the company's reach, reinforcing its commitment to delivering high-speed, uninterrupted connectivity at scale. Vodafone Oman's expansion has not only strengthened the telecom landscape but also generated tangible economic impact. In 2024, the company's In-Country Value (ICV) contribution exceeded OMR 63 million, prioritizing Omani SMEs, local businesses, and national talent development. Over the past three years, Vodafone's total ICV investment has now reached OMR 180 million, demonstrating its long-term commitment to Oman's economic growth and digital transformation. As the digital ecosystem evolves, Vodafone Oman has positioned itself as a leader in cybersecurity as well ensuring that both individuals and businesses remain protected against emerging threats. In 2024, the company launched CyberSafe, a comprehensive security solution designed to enhance digital protection and resilience. The company's cybersecurity efforts were recognized through a string of prestigious industry accolades, including the COMEX 2024 Cyber Security Award, CYSEC Cyber Security Leader of the Year, and the Al Roya Business Award for Cyber Security Excellence. Looking to the future with a fully independent 5G network covering over 98% of the population, Vodafone Oman has laid the foundation for its next chapter — one focused on enhancing customer experiences, scaling enterprise solutions, and leading Oman's digital economy into the future. 'Three years in, and this is just the beginning,' added Al Zidi. 'We are fast-tracking into the future, delivering more innovation, more value, and setting new benchmarks for customer experience. The way we see it, Vodafone is not just a network; it's an experience, a partner, and a driver of Oman's digital progress.'
