Amadeus’ payments business Outpayce has partnered with HSBC to make its foreign exchange rates available to airlines via Outpayce’s multi-currency pricing solution, the company announced.
The partnership expands Outpayce’s FX Box Multi Currency Pricing tool to cover more than 170 currencies, according to Outpayce, with airlines able to control how multi-currency prices on their sites or apps and also able to define the margin for providing foreign exchange services. When travelers pay in their own currency, the exchange happens behind the scenes based on HSBC’s rates and are reconciled in airlines’ revenue accounting systems.
Japan Airlines is the first carrier to offer multi-currency pricing via the partnership, according to Outpayce.
Amadeus said a recent survey of airlines showed that a third plan to offer fares in multiple currencies over the next year. Having multiple currencies available within a direct channel can improve purchase rates and the shopping experience for travelers, as they will not have to leave the channel for a manual foreign exchange conversion, according to Amadeus.
