Forex brand Travelex has announced the launch of its online click-and-collect service in Hong Kong.
The new service, announced on Wednesday (April 3), allows customers to purchase travel in advance online and book in more than 30 currencies, including the US dollar, British pound, Japanese yen and Thai baht. From there, orders can be picked up at Travelex's five branches in Hong Kong.
Dragon Wang, Travelex's Managing Director for Asia, said: “Online ordering has proven to be very popular in many of our other overseas markets, so we are excited to bring this service to Hong Kong. We are very excited,” said Dragon Wang, Travelex's Managing Director for Asia. Pymunto.
“There are so many benefits to ordering online. The best possible Travelex exchange rates with no hidden fees. The convenience of being able to pick up your currency at the airport or city counter. Now you don't have to worry about it on the day of your trip. That's one less thing to do. Ultimately, this service offers better value, convenience, and peace of mind than ever before.”
PYMNTS spoke with Travelex CEO Richard Wazacz last month to discuss how the continued use of cash in cross-border travel is fueling revenue growth for the travel industry, despite the rise of digital payment methods. he said.
“Cash is considered a reliable payment method when traveling across borders,” Wasatch said. “Many payment methods remain domestic or nationally based, and consumers who rely on cash have the confidence that cash is always available no matter where they are in the world.”
Apart from the confidence that cash gives travelers, it also provides a tangible way to track spending, which is especially useful for budget-conscious travelers who struggle with cost-of-living issues around the world, Wazatz said. He said that it has been done.
“If you have $100 in your pocket, you know how much you have left,” he said, noting that this is a clarity not often found in electronic payment methods.
Elsewhere in the travel payments space, PYMNTS spoke earlier this week with Edwin Poot, global chief technology officer at Thredd, about recent innovations in how companies process travel spend.
As the report points out, traditional, more manual, paper-based methods are being replaced by digital solutions that can automatically capture and classify expenses. This reduces reimbursement times, reduces the risk of human error, ensures accuracy, and enables real-time expense tracking and management.
“Like other technology companies, we are at the forefront of leveraging technology, leveraging more solutions such as automated expense filing and automated receipt scanning and classification,” Poot said, adding that with the advent of mobile, Nevertheless, although it is a central tool for easily scanning and categorizing receipts, it still has some challenges when it comes to compliance, cost control, etc.
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