Travel
Multi-currency travel payments on one global platform
Boost travel bookings, pay global suppliers more efficiently, and programmatically manage FX risk with a future-proofed solution.
Streamline your global financial operations
Spend less time managing complex, multi-currency payments and multiple banking partners.
Improve supplier payment transparency and security
Automate and enhance complex supplier and vendor payments, reconciliation, and reporting.
Boost global bookings with an optimised checkout
Let customers make bookings in their preferred currencies and payment methods.
Programmatically manage currency risk
Use multi-currency accounts to accept and pay out funds easily and cost-effectively. Benefit from customised FX hedging solutions.
Global payments and financial operations for a variety of travel use cases
Travel agencies and booking sites
Receive multi-currency payments from international travellers while paying out to global suppliers and collecting commissions.
Tour operators and DMCs
Collect payments in your clients’ preferred currencies, and efficiently pay on-the-ground travel partners across the world.
Corporate travel agencies
Streamline B2B payments for hotels, flights, and other travel spend for clients globally and offer a branded corporate T&E card.
Travel marketplaces
Seamlessly pay out to hosts in the preferred currencies, while easily deducting your platform booking fees.
Consolidate your travel payments stack, from customer bookings to supplier payments
Airwallex offers an end-to-end solution for global travel businesses. Accept payments from travellers, and pay hotels, tour operators, and hosts from around the world quickly and easily. Reduce FX risk and manage all your financial operations directly from the Airwallex app or build more advanced workflows via our API.
Pay Travel Suppliers
Pay suppliers quickly and cost-effectively
Use virtual cards for secure payments globally
Issue virtual cards across geographies using one API and fund them directly from multi-currency balances to save on FX fees.
Reduce the risk of fraud
Set specific cards limits, expiry dates, and MCC controls to reduce fraud and ensure funds are used appropriately.
Access flexible interchange and dedicated BINs
Select from variable interchange rates to increase acceptance rates and access dedicated Travel BINs for premium rebates.
Pay via bank transfer at interbank FX rates
For suppliers that don’t accept cards, send transfers faster and more cost-effectively than with traditional banks.
Issue cards via API
Issue single or multi-use virtual cards via API to securely make payments to travel suppliers with more visibility.
Connect to travel ecosystems
Airwallex’s virtual cards can be passed to your Global Distribution System to streamline supplier payments.
Settle with suppliers faster
Pay your network of suppliers, with 90% of funds arriving the same day, using Airwallex’s connections to local rails in 120+ countries.
ACCEPT TRAVEL PAYMENTS
Boost travel bookings with a locally-optimised payment experience
Offer popular global and local payment methods
Support 160+ payment methods, including cards, bank transfers, and buy now, pay later options. Display prices in local currency at checkout.
Eliminate costly FX fees and minimise FX risk
Collect and settle funds in the same currency with like-for-like settlement, and say goodbye to hidden conversion fees or the need to set up multiple entities.
Improve conversions and reduce chargebacks
Benefit from machine learning-powered optimisations to boost acceptance rates, smart 3DS logic, local acquiring, customisable risk thresholds, and more.
Accept online payments
Accept payments on your website, in your mobile app, or via invoices through no-code, low-code, and API-based options.
Accept bank transfers
Open Global Accounts that come with local bank details to collect payments via bank transfer in 20+ currencies.
Multi-currency Pricing
Lock in FX rates for a set time period when you price in local currency to safeguard against FX fluctuations.
Manage Spend
Track employee spend and manage accounts payable across your global travel business
Empower employees with corporate cards
Issue multi-currency company and employee cards to staff located in each of your markets for T&E or for business expenses like ad spend.
Make expense reports a breeze
Enable global staff to upload receipts on the go and track all card and reimbursement expenses from one dashboard.
Automate your bill payments
Easily upload, approve, pay, and reconcile your domestic and international bills, and build custom approval workflows.
Travel Case Studies
Travel Expert enhances profitability with one-stop payment solution
The Challenge
The travel conglomerate realised that having to visit branches in person to book holiday packages was dissuading their younger customers. The business also faced friction while settling payments with global suppliers and vendors. Multiple departments were sharing a single corporate card which made it difficult to reconcile payments and compromised financial integrity. Lastly, the business was seeking a way to settle international transactions while avoiding hefty transaction fees and expensive FX rates imposed by traditional banks.
The Solution
By integrating an online payment processing capability, Travel Expert now offers a fast and secure checkout experience in more than 25 countries. With Airwallex’s Corporate Cards, Travel Expert’s finance team can easily create multi-currency virtual company cards for different departments. Being able to track all card activities and set transaction limits and controls from a single dashboard has helped the company reduce time spent on reconciling supplier payments and improve productivity. Airwallex also gives them access to market-leading FX rates and does not charge any international transaction fees resulting in significant savings for the company.
How Flow’s flexible platform is changing the business travel game
The Challenge
When they started the business, Flow was using a manual payout process with their hotel and co-working space partners, making monthly bank transfers from their account to their partners. It was just as slow and time-consuming as you’d imagine. It was costly, too. Some hotel chains didn’t take well to offering credit terms and required Flow to deposit as much as HKD100,000 as security. This was money and time that could be better spent optimising the app and growing the business.
The Solution
Using Airwallex's Issuing API, Flow could create once-off virtual payment cards immediately that are tagged to specific hotel reservations. This process has automated their manual work, allowing them to avoid cumbersome deposit requirements. This also allows the team to create digital wallets in the local currency of the countries in which they operate. As they seek to expand into global operations, they are also looking at using Airwallex's local payment solutions to allow users to pay for their accommodation in home currencies.
How EU Holidays boosted profit margins with Airwallex’s financial technology
The Challenge
As an award-winning travel agency in Singapore that offers affordable yet unforgettable journeys across the world, cross-border payments are the lifeblood of EU Holidays' business. However, these can erode slim margins if transaction and foreign exchange fees are not managed carefully. Furthermore, the travel business also struggled with obtaining corporate cards in a timely manner, which led to card sharing among employees and a great deal of manual expense reconciliation and accounting by the finance team to understand which employee is responsible for which expense.
The Solution
Using their Airwallex multi-currency account, EU Holidays can pay overseas suppliers in their local currencies using local payment rails, which helped them avoid SWIFT fees that typically come with cross-border transactions. Furthermore, they're able to instantly issue 20+ multi-currency corporate cards that are free to use and can be tracked on a streamlined expense management system. Airwallex's easy-to-use design also helps employees adopt the solutions faster.
RESOURCES
Discover the payment trends and technology shaping the travel industry
Get insight into how global travel executives are modernising their payment and financial systems to compete more effectively on the international stage. Understand the complexities of international customer, supplier, and vendor payments, and how a unified tech stack can fuel growth.
Blog
Revolutionising travel payments: why top companies are switching to end-to-end systems
Blog
End-to-end payment systems for travel companies: How they work
Blog
Travel payment processing: What online travel agencies need to know
EMBEDDED FINANCE FOR TRAVEL COMPANIES
Unlock new revenue streams for your business
Create more value by offering tailored global financial services within your travel platform or marketplace, including treasury, cards, and FX capabilities.
