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, wallets, 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
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.
Navan streamlines global reimbursements
The Challenge
Navan delivers one of the first enterprise technologies utilizing the cloud, mobile, and AI to balance business needs with today's modern standards. Their corporate travel and expense solution allows users to easily book, view, and manage business travel and expenses. For Navan’s reimbursement offering, they needed a global partner who could help them manage and accelerate their global payouts to their customers’ employees around the world.
The Solution
Through Airwallex’s Global Treasury solution, Navan has been able to efficiently manage employee reimbursements at scale for its multinational customers. Through a single API integration, they’ve streamlined local top-ups, managed FX risk, and used local payment rails to quickly and cost-effectively disburse reimbursements around the world.
How Authentic Vacations saved $10k a month on FX
The Challenge
Authentic Vacations faced a challenge. Although the travel agency provides a smooth, seamless and premium customer experience - behind the scenes, the supplier payment processes were complex and eating into their profit margins. With suppliers like hotels, car hire, tour and experience providers all based in Europe, they had to pay suppliers by card in currencies other than their home currency, which resulted in high cross border fees. To further add to the complexity, many suppliers require advance payment by card in Euros or GBP. Authentic Vacation’s payment processes were manual and fragmented. To prevent disruptions for their customers and suppliers, they needed a solution that cut cross-border payment costs, reduced FX fees and made the entire business transaction process seamless and as smooth as their front end customer experience.
The Solution
And that’s when Authentic Vacations found Airwallex. Speaking with Authentic Vacations CEO Simon Russell, he said that the Airwallex solution has “significantly simplified the process of using our USD client receipts to pay our suppliers outside of the US at a much lower rate than our previous providers." By using Airwallex’s local payment rails to replace their global bank, they were able to remove the staggering 2 - 5 day transfer time and now can send USD to NZD in just a few hours. The administrative headaches have gone and have been replaced with significant cost savings, more streamlined management of funds between different currencies and a direct link to Netsuite for accounting. The Authentic Vacations payment processes are now well-oiled and frictionless for everyone — customers, suppliers, and internal finance teams.
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
Single-use virtual cards: A game-changer for travel agents
Blog
Global reach and local checkout: How online travel agencies are delighting customers
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, multi-currency wallets, cards, and FX capabilities.
