Travelex launches Corporate Online

TRAVELEX has launched
Corporate Online, a new
booking tool designed
to make buying foreign
exchange for FICA-registered
corporate travellers more
convenient and efficient,
both for travellers and travel
agents, by minimising the
friction and constant followups
often associated with
arranging forex.
Corporate Online, which is
accessible from any smart
device, allows travel agents to
place orders on a corporate’s
behalf, which are then
delivered with no need to
deliver FICA documents. The
travel agent can also track
the orders up until delivery
without having to send emails
or pick up the phone.
Kananelo Makhetha,
ceo of Travelex Africa, says
Corporate Online benefits
corporates by allowing them
to assign approval to their
TMC to help track their
spend, and equally benefits
travel agents in a sense that
they can incorporate and
white label it into their TMC’s
online platform or booking
tool.
In order for a travel agent
to place orders on behalf of
a corporate, the corporate
has to get its company’s
shareholders to set up a
once-off meeting with Travelex
to finalise and store the
company’s FICA documents,
create a company profile and
register those who can buy
on its behalf.
Thereafter, Travelex reviews
these documents every six
months and closely monitors
its transactions for any
abnormal buying patterns.
Should Travelex observe any
abnormal buying patterns,
it will question the company
appropriately.
Kananelo says Travelex may
consider turning Corporate
Online into a mobile app in
future.
Corporate Online is
available at no cost to
companies who make
Travelex their preferred forex
supplier.