Cross-border Payments in Travel: Risks, Rewards and the Road Ahead
This exclusive report, produced by PhocusWire in association with Worldine explores the substantial business potential of cross-border travel and highlights key opportunities for travel companies—ranging from airlines and online travel agencies (OTAs) to hotels—to expand their international customer base. It emphasizes that attracting global travelers is essential for growth, but offering multiple payment options and currencies remains a critical challenge. The report discusses how implementing a tailored, multi-currency payment strategy aligned with customer preferences and the travel merchant’s existing infrastructure can significantly reduce costs, lower fraud risks, improve operational efficiency, and boost profitability.
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