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NatWest Markets
Travel & Leisure
NatWest Markets Securities Inc. (NWMSI) is a registered broker-dealer located in Stamford, Connecticut, USA. Securities business in the United States is conducted through NatWest Markets Securities Inc. a FINRA registered broker-dealer, a SIPC member and a wholly owned indirect subsidiary of NatWest Markets Plc.
Helping travel and leisure companies to access new international markets
Optimise your currency management processes with our toolkit tailored for Travel and Leisure companies.
Accept local currency payments, whilst mitigating the foreign exchange (FX) risk on refunds and cancellations as well as the original sale
Our solutions…
Increased costs of international expansion
Being merchant of record means costs for processing payments, customer service and ticketing logistics.
Revenue Generation
Capture FX revenue to offset costs of payment processing - many existing clients capture in excess of 3% of their cross- border sales revenue.
Currency risk
Exposure to currency risk across the settlement cycle can have a large impact on businesses – some payment method exposures are as great as 7-10 days.
Risk mitigation
Automatically eliminate any currency risk at a transactional level. Rates can be guaranteed† for as long as you need (includes cancellations and refunds).
Process complexity
Multiple complex processes to effectively manage transactions, netting, settlement and reconciliation.
Automation
Automated pricing, FX and settlement reduces operational overheads. Remove manual reconciliation processes and enhance your control framework.
Losing customer sales
25% of customers leave a travel website if they don’t see local pricing.
Increased sales
Customers can see pricing in their currency and are less likely to go elsewhere to make their purchase.
An implementation to suit every business
- FXmicropay’s APIs have all been designed to suit your business processes so we can fit around your business
- Our expert team will guide you through our suite of powerful APIs**
- To make it even easier, virtual accounts across 23 core currencies reduce the need to open physical currency accounts
** Application-programming interfaces
† The cost of the guarantee will vary depending on your requirements such as the tenor of the guarantee you need