CorporatePay appointed to develop travel money services for Monarch Travel Group

CorporatePay appointed to develop travel money services for Monarch Travel Group

The Monarch Travel Group has appointed travel money experts CorporatePay, to develop a range of travel money services for its customers including prepaid currency cards for Eurozone and Worldwide travel and a currency delivery service.

Tim Jeans, Managing Director of Monarch, said “CorporatePay’s extensive payment industry knowledge has enabled us to develop a range of bespoke travel money services that meet both our requirements and those of our passengers. The company’s travel industry expertise and proven white label capability have enabled us to deliver a truly differentiated foreign exchange offering that will drive revenue and build long term relationships with customers.”

Monarch will be offering two MasterCard® prepaid cards: a Eurozone card, which customers can load with Euros for use in Europe, and a Worldwide and Discounts card, which customers can load with sterling for conversion into local currency when used anywhere else in the world. Both cards are great value and can be used to withdraw cash from ATMs or to make purchases. The airline will also provide a next day cash delivery service in 20 different currencies, with orders over £500 delivered free the next day.

In addition to offering great value foreign currency compared to bank cards or bureaux de change, the Monarch Worldwide & Discounts card is the first prepaid MasterCard to offer exclusive discounts through membership of the Countdown discount scheme. This scheme offers travellers savings of up to 50% at over 100 big name high street retailers and over 25,000 outlets nationally, meaning customers can get value from their card year round and not just on their travels. The card is loaded with Pounds, and funds converted at a competitive exchange rate at the point of transaction when used overseas.

Myles Stephenson, CEO of CorporatePay, said: “We are delighted to have developed a comprehensive currency solution for the Monarch Travel Group.”

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“CorporatePay delivers bespoke white labelled travel currency products for travel trade partners looking to extend their brands, strengthen customer relationships and increase revenue.”

The MasterCard prepaid cards can be used anywhere the MasterCard Acceptance Mark is displayed, currently over 30 million locations and 1.5 million ATMs worldwide, and is a convenient way to take foreign currency abroad. The card is Chip and PIN secure and can be cancelled in the event of theft or loss and the balance transferred to another card.

The CorporatePay travel card platform offers a full range of currency services including Sterling, Euro and Dollar prepaid currency cards and a currency delivery service. The proprietary platform has been actively developed to meet the demands of the travel industry and includes the capability to take orders via call centre operatives or to integrate the services into the client’s existing travel booking systems.