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ITB Innovation Radar

Multi-Currency Checkout - reliable exchange rates for booking

Exhibitor: WeTravel

Stand Number: Hall 5.1 | Stand 118

Founded in 2016, WeTravel was built to support travel businesses by digitizing and simplifying the travel booking and payment process. Now used by more than 5,000 travel companies—to transact with nearly 500,000 travelers and thousands of suppliers, annually— the platform has revolutionized how the travel industry manages their businesses. With a suite of integrated SaaS and FinTech solutions that fit into an intuitive platform, WeTravel enables businesses to increase sales conversion, trim administration time, and manage fund transfers from travelers and to suppliers globally.

In early 2024, WeTravel added to the platform, among several enhancements, the Multi-Currency Checkout feature. An integrated currency converter that allows international travelers to pay for their trips in their local currency (without a credit card), this new Multi-Currency Checkout feature gives travelers payment control.

Travel businesses can rely on steady exchange rates and receive the total trip amount in their local currency – regardless of the currency and payment option their traveler chooses at checkout. Travelers know how much a trip will cost them, in their currency, at checkout – while the travel business knows how much they’ll receive upon completed booking. The feature integrated into the checkout interface gives international travelers control to pay in their local currency, regardless of how the trip is priced, opening opportunities for travel businesses to increase bookings from global travelers. Additionally, travelers will be able to make payments using the payment method that is available for the specific currency they are using.