Travel is one of the most fast-paced industries worldwide, constantly dealing with international transactions and an uncertain landscape controlled by consumers and trends.
How currency exchange can affect the travel industry
Maintaining a thriving business in a competitive industry means being able to adapt to changes in the foreign exchange market and the sentiment of consumers.
As we move further and further towards a cashless society, tourist attractions and tour operators are having to accept more payments from foreign tourists via card or online. This can, of course, incur fees for both parties when transferring currencies, ultimately reducing the amount that arrives in your business account.
How we can help your business
We can help you navigate the foreign exchange market, making sure the payments you receive are made in the most time-efficient and cost-effective way. Our foreign exchange capabilities allow local tour operators to receive payment from customers from all over the globe as well as to make payments in over 120 different currencies.
We can also help you connect via API (Application Programming Interface) to settle large volumes of smaller payments quickly, accurately and economically. Our range of global payment solutions are able to cater for your payment needs, whether they are ad-hoc or more frequent. In addition, your dedicated account manager will know the ins and outs of the travel industry and is able to discuss your needs and propose a tailored solution to save you money and time.
The needs of organisations large and small can be catered for with a range of foreign exchange tools available to help you reduce costs and limit any currency exchange risk that you may face as a result of the international payments your business is required to make.