case study

Multi-currency Solution for a Virtual Card Platform in the Travel Industry

June 30, 2020

As a global provider of virtual card payment solutions for the travel industry, our client’s customers include Online Travel Agencies (OTAs), travel agencies and suppliers.

Business Challenge / Opportunity

The client approached Currency Stream because they were looking to supply their travel agency customers with a multi-currency solution that would allow their agency to pay suppliers across the globe in the domestic currency of the supplier, without the risk or complexity of managing Foreign Exchange.


The client’s primary objective was to deliver a multi-currency service without having to absorb or manage any associated FX risk and at the same time providing the customer with seamless payments infrastructure in multiple currencies.


Currency Stream was mandated with a consulting brief, focusing on operational process and technical design. The implementation included:


Full implementation of Currency Stream’s real time multi-currency API took 6 weeks.

The multi-currency service was launched to customers globally, enabling virtual card services in 14 currencies, worldwide (with a further 440 pairs available).

This value-added service was a key driver for the client in the continued successful growth of their business worldwide.