Simply your Payables and Receivables solutions
From Accounts to Payments, and from tools to Reconcile to self-service Balance Management
Multi-Currency Payment Complexities
Slow Settlements and Cash Flow Constraints
Fragmented Payment Ecosystem
Travelers prefer to pay in their local currency, but FX conversion fees and hidden charges reduce transparency. Additionally, managing international payments across different currencies creates reconciliation and accounting challenges.​
Hotels, airlines, and travel agencies often experience delays in fund settlements, impacting operations and growth. Refunds and cancellations add financial strain when payments take days to process.
Airlines, hotels, and OTAs (online travel agencies) must integrate multiple payment methods across regions. Reconciling payments from different channels (direct bookings, agents, third-party platforms) is time-consuming.
OpenPymts helps fuel growth...
Real-time settlements, ensuring hotels and travel agencies get paid instantly.
Smart FX routing, optimizing exchange rates and reducing conversion costs.
Allowing different teams to manage transactions securely.
Dynamic currency conversion, allowing travelers to pay in their preferred currency with real-time rates.
Sample Case Study
You solving these problems...
Scenario:
A multinational travel booking platform faced slow settlements, high chargeback rates, and operational inefficiencies in managing multi-currency transactions.
Our solution helped:
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Implemented real-time FX conversion, allowing travelers to pay in their local currency.
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Enabled instant settlements, reducing payout time from 14 days to minutes.
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Integrated AI-powered fraud detection, decreasing chargeback rates by 40%.
Impact:
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25% cost reduction in FX conversions
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3x faster payments to hotels and airlines
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Enhanced fraud prevention and compliance adherence