Managing international payments is a frequent task for many travel operators, especially those who operate across numerous global markets. But as cross-border transactions rise, so does the risk of being exposed to payment fraud and currency risk.
Research by Equals Money shows that managing international payments is among the biggest operational challenges faced by 35 per cent of UK travel businesses. While many of these challenges are due to issues such as dealing with multiple currencies and staying on top of local payment regulations, the increased threat of fraudulent bookings and chargebacks can add to the potential stress of cross-border payments.
