Wealthsimple, the Canadian money management platform, has announced a new global travel eSIM as part of its lifestyle rewards program for clients with CAD 200,000 or more in assets. This service allows eligible users to stay connected in over 140 countries without incurring roaming fees, the company said on Thursday.
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Roam like at home
Premium and Generation clients can choose to receive a complimentary 10GB travel eSIM, valid for one calendar year after activation. The company said the eSIM can be easily installed through the Wealthsimple app, enabling immediate online access upon arrival at their destination. The eSIM works across multiple regions, requiring activation only once, and can be used alongside a primary physical SIM or eSIM.
Trends in eSIM Adoption
Wealthsimple cited Juniper Research, which indicates that travel eSIM adoption is expected to surge by 440 percent over the next five years, driven by demand for high-speed browsing and streaming while traveling.
Reportedly, in 2024, travellers spent an average of USD 85 for every 10GB of roaming data. Wealthsimple's travel eSIM aims are expected to eliminate these surprise costs, allowing users to browse, post, and stream without worry.
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Dennis Bauer, Co-founder and President of Gigs, said, “As the first Canadian fintech platform to add a travel eSIM, powered by Gigs, to their rewards program, they’ve demonstrated their ability to provide clients with the best rewards in the industry. We look forward to deepening our partnership in the months ahead and continuing to set new standards for seamless connectivity for their millions of clients across the country.”
