Travel & Leisure

Helping travel and leisure companies to access new international markets

Optimise your currency management processes with our toolkit tailored for Travel and Leisure companies.

Accept local currency payments, whilst mitigating the foreign exchange (FX) risk on refunds and cancellations as well as the original sale.

Rates, currencies and certain financing products are provided by NatWest Markets Plc and its subsidiaries.
For more information please go to natwest.com/markets/ring-fencing.

Your challenges...

 

Our solutions…

Increased costs of international expansion

Being merchant of record means costs for processing payments, customer service and ticketing logistics

 
Revenue Generation

Capture FX revenue to offset costs of payment processing - many existing clients capture in excess of 3% of their cross- border sales revenue.

Currency risk

Exposure to currency risk across the settlement cycle can have a large impact on businesses – some payment method exposures are as great as 7-10 days

 
Risk mitigation

Automatically eliminate any currency risk at a transactional level. Rates can be guaranteed† for as long as you need (includes cancellations and refunds)

Process complexity

Multiple complex processes to effectively manage transactions, netting, settlement and reconciliation

 
Automation

Automated pricing, FX and settlement reduces operational overheads. Remove manual reconciliation processes and enhance your control framework 

Losing customer sales

25% of customers leave a travel website if they don’t see local pricing

 
Increased sales

Customers can see pricing in their currency and are less likely to go elsewhere to make their purchase

 

Find out how FXmicropay can transform your business

Airlines

Online Travel Agents

Hotels

Our existing clients have benefitted* with...

5 weeks

Implementation time

Over 20%

Increase in flight ticket sales

$2.5m p.a.

Revenue generated by online travel agent

 

An implementation to suit every business

  • FXmicropay’s APIs have all been designed to suit your business processes so we can fit around your business
  • Our expert team will guide you through our suite of powerful APIs**
  • To make it even easier, virtual accounts across 23 core currencies reduce the need to open physical currency accounts
Integrations

* Depending on implementation

**Application-programming interfaces

† The cost of the guarantee will vary depending on your requirements such as the tenor of the guarantee you need