Travelex launches API-enabled B2B platform
Travelex, a Finablr company, has today unveiled its B2B fintech platform, Travelex Business. The platform allows the company’s partners – including banks, credit unions, retailers and digital technology companies – to access a range of payments and foreign exchange services in one place. The launch of Travelex Business follows a four-year digital transformation project.
Travelex Business uses Finablr’s network and combines it with a cloud-based, API-led platform that is designed to provide a seamless way for to move money around the world. From cash management to cross-border payments and retail currency conversion via APIs, Travelex Business addresses a wide range of enterprise and consumer needs with its omnichannel, multi-currency capabilities. For digital technology companies wanting to offer cross-border payments services to their customers, services can be delivered as a white-label offering.
The platform includes a variety of product suites underpinned by a developer centre that allows customers to explore Travelex services:
Travelex Business Cash is a technology driven solution that allows end users to quickly and securely receive cash, by working with large banks, financial institutions and retailers. This solution features Cash Network and Cash Services, comprising a range of related white-label cash products, from travel money to wholesale banknotes.
Travelex Business Pay is a cross-border payment platform serving enterprise customers including financial institutions and digital technology companies. It offers two modules, Pay Banking for banks and other financial services providers, and Pay Direct that serves consumers and organisations that need to transfer large amounts of money across borders quickly. Both offer a suite of APIs that enable seamless international money transfer for end customers.
Travelex Business Cloud is a solution for any business that offers foreign currency services to international customers. It provides a way for business to financially benefit from international transactions made through mobile apps, ecommerce websites, Point of Sale terminals or ATMs. It includes advanced and flexible multi-currency-processing, and dynamic currency conversion, underpinned by a market leading dynamic exchange rate engine.
Travelex Business Digital is a developer platform, which provides access to Travelex Business APIs so partners can embed capabilities and processes into their products and services.