INDUSTRY GUIDE
5 best practices to optimise payment operations for the travel industry in 2024
This guide looks at how travel companies are thinking holistically about their fund flows to streamline, optimise and grow in 2024. We dig into the 5 areas of payment operations and identify a best practice for each.
IN THIS GUIDE
Learn how travel companies are optimising global payment operations
Streamlining reconciliation
By automatically matching payment data to booking references, travel companies can eliminate manual time burdens and easily extract data across the full fund flow.
Unlocking payment optimisation
From checkout conversion rates to cost-efficient like for like settlement, travel companies are thinking holistically about fund flows.
Managing virtual card programmes for complex supplier payments
Automate and speed up card creation via API. Virtual cards offer control, security and flexibility when paying suppliers.
ABOUT AIRWALLEX
Efficiently manage the lifecycle of your travel payments on one platform
Simplify how you pay travel suppliers and get paid by global travellers, while increasing the efficiency of your finance teams.
Expand your supplier payments coverage around the world
Get global coverage and optimize your supplier payments in 170+ currencies and 150+ countries. 70% of Airwallex payments arrive same day.
Reduce risk
Create redundancy and improve the acceptance rate for your supplier payments with multi-currency virtual debit cards powered by Visa at 0% international card transaction fees.
Optimise profits across the lifecycle of travel payments
Configure bilateral agreements through virtual cards, and improve margins by eliminating FX fees by holding designated currency accounts in 12+ currencies in 60+ countries.