RESEARCH REPORT
Payment trends and technology shaping the travel industry
Dive into the payment processing and financial operations challenges that are impacting travel businesses’ bottom line and stifling growth. Learn how travel industry peers are modernizing their financial infrastructure to help fuel their global ambitions.
IN THIS REPORT
Cross-border transactions soar, but bring significant global payment challenges
88% of travel executives agree that their customers’ payment preferences have changed since the COVID-19 pandemic
Customers’ preferred payment methods vary widely by region. Find out how your business can localise the checkout experience and grow revenue.
66% of global travel companies see their fragile margins eroded by inefficient payment systems
Get actionable recommendations on navigating complex multi-currency payments and settlements to improve your bottom line.
80% of executives would be interested in an all-in-one payment and financial operations platform to manage their funds’ flow
Find out how to simplify the process of accepting payments, settling funds, and managing payouts within a single system.
HOW AIRWALLEX CAN HELP
Multi-currency travel payments on one global platform
Boost bookings from travelers and pay global travel suppliers with more speed and transparency than with traditional banks.
Grow into new markets with ease
Enable customers to book their trips in their preferred currencies and by using local payment methods. Skip the hassle of establishing local entities and managing multiple banking relationships.
Optimize and reduce FX risk
Operate in multiple currencies without having to convert funds by using Airwallex Global Accounts to receive and settle funds in the currencies you frequently transact in, eliminating the need for costly FX conversions. When conversions are necessary, access interbank FX rates and avoid hidden transaction fees.
Pay suppliers and vendors with speed and efficiency
Issue virtual multi-currency cards instantly for fast and secure supplier payments with detailed tracking. For suppliers that don’t accept cards, perform bank transfers programmatically with automatic reconciliation capabilities.
