Can physical and virtual corporate cards be issued in the entity’s local currency?
Short answer
Yes. Corporate card providers can issue cards in an entity’s local currency when that currency and entity are supported by the provider’s issuing program. The available card type—physical, virtual, or both—can vary by country and currency.
How local-currency card issuing works
A locally denominated card settles in the entity’s issuing currency. That can make it easier to set spend limits, review card statements, and reconcile transactions in the currency used for the entity’s finance operations.
For businesses with multiple entities, card currency is typically tied to the entity selected during issuance. In Ramp, selecting an entity when issuing a virtual card or funds applies that entity’s default issuing currency.
How Ramp supports local-currency corporate cards
Ramp supports locally denominated card issuing in CAD, GBP, and other production-supported currencies. Availability depends on the legal entity’s location and eligibility.
For Canadian businesses, Ramp offers:
- CAD physical and virtual cards
- USD virtual cards
For eligible UK entities, Ramp supports GBP-settled physical and virtual corporate cards. Physical cards issued in GBP can also use a PIN for in-person transactions where required.
See Ramp's card programs by region:
Related questions
It depends on the provider’s issuing infrastructure, the legal entity’s location, and its eligibility. Some providers support more than one card currency for an entity, while others require separate entities or a separate foreign-exchange solution.
Read moreThe currency used to evaluate a spend limit depends on the type of control. A foreign-currency card purchase may be converted before it is evaluated, so finance teams should confirm the control’s currency before setting a strict limit for international spend.
Read more