Founded in 2017 and based in Seoul, South Korea, Travel Wallet provides a mobile foreign exchange platform that allows users to easily and quickly exchange currencies at a more competitive rate than traditional banks. Their TravelWallet app, launched in 2019, gained attention for its low fees and innovative mobile currency exchange service. The company also became the first Asian startup to obtain a Visa card issuance license. In 2021, Travel Wallet aims to introduce a new paradigm in the foreign payment market with TravelPay, offering features such as charging 13 currencies at desired rates, global acceptance at 55 million Visa merchants, zero overseas payment fees, and special benefits for overseas shopping.