Texas First Bank in Texas City is planning to launch a multicurrency debit account as part of a partnership with fintech Rêv Worldwide.
The $2 billion-asset bank is set to introduce X World Wallet, a product that will eventually be offered to other community banks and credit unions, according to a press release. X World Wallet will be marketed to Americans who travel to or shop in countries such as Mexico and Canada.
“The X World Wallet delivers on a world-class digital experience and functionality,” Christopher Doyle, Texas First’s president, said in the release.
“It offers a collaboration model where Rêv assists banking partners like us to create new revenue streams and quickly meet our customers’ demand for robust fintech products that are competitive in the market,” Doyle added.
The X World Wallet is linked to physical and digital Visa cards that can be added to Apple, Google and Samsung Pay digital wallets.