Using Multi Currency Accounts to Streamline Global Supplier Payments

Managing payments in a global travel business

Prestige World is a UK-based luxury travel specialist managing payments across a global supplier network spanning the Caribbean, Australia and New Zealand, South Africa, India, and Sri Lanka.

This international footprint creates a payment environment with multiple currencies, varying timing requirements, and high operational complexity, where speed, accuracy, and reliability are essential.

Managing global payment complexity

As the business expanded, access to foreign currency became increasingly important. International supplier payments needed to be handled with greater consistency and predictability, particularly for high-value, bespoke travel arrangements.

A key consideration was managing currency exposure more effectively when pricing trips in advance.

This led Prestige World to adopt a more structured approach using multi currency accounts and forward purchasing to improve visibility and control.

Improving visibility across currency balances

Today, Prestige World uses Corpay’s Multi-Currency Accounts to manage international payments and maintain clearer oversight across currency positions.

Funds can now be received directly in foreign currency before being deployed as needed, reducing the need for repeated foreign exchange conversions.

This supports greater visibility into balances and enables more informed day-to-day financial decision-making.

Supporting international supplier payments

Prestige World’s payment activity involves a steady flow of supplier payments across multiple currencies including USD, NZD, INR, ZAR, IDR, and AUD.

This operational setup helps streamline international payments while maintaining greater control over transaction timing and execution.

Reducing delays and operational friction

One of the most significant operational improvements has been payment speed. Payments that previously required multiple days can now be processed more efficiently, reducing delays and operational pressure around urgent supplier deposits and bookings.

This also helps reduce cross-border payment complexity by simplifying payment execution across currencies and regions.

Creating a scalable payment foundation

By improving visibility, streamlining payments, and reducing conversion costs, Prestige World has established a more predictable and scalable operational model.

As the business continues to evolve, this approach is expected to support broader group operations while maintaining the consistency and flexibility required in global travel operations.

Learn more about how Corpay Cross-Border supports businesses using multi currency accounts for global operations.

Read the full case study to see how Prestige World streamlined international supplier payments.

Cross-Border

Global payments