Treasury Management Internation Logo

RBS launches multi-currency pricing for Singapore Airlines

Published 

Singapore – Through its leading foreign exchange management solution, FXmicropay TM, The Royal Bank of Scotland (RBS) has implemented a new feature for Singapore Airlines (SIA) that now allows the airline’s customers to pay for their flight tickets and other purchases made online in the currency of their choice.

The new multi-currency initiative was launched in April. The currencies introduced in the first phase include the Australian Dollar (AUD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Singapore Dollar (SGD) and the US Dollar (USD). SIA customers will be able to see the final amount they will be billed, without having to wait for their credit card statement.

Commented Saket Misra, RBS’s Head of International Banking for Singapore, “As one of the world’s leading airlines, SIA is known for its undisputed service excellence. The introduction of multi-currency pricing will enhance the booking and travel experience for the growing number of SIA’s international passengers, through the removal of uncertainties related to currency fluctuations around online transactions.” 

RBS’s FXmicropay TM is an innovative e-commerce pricing solution that supports over 130 currencies. The solution has the ability to handle up to 3,000 transactions per second, 24×7, and can be customised and seamlessly integrated according to the needs of the merchant. RBS’s FXmicropay TM is supported by the bank’s leading foreign exchange (FX) business and its sophisticated cash management products and services. To date, RBS has implemented FXmicropay TM for a variety of online merchants and e-commerce websites including travel-related retailers such as airlines and hotels.

Gyan Harlalka, RBS’s Head of Corporate Sales for Asia Pacific added, “E-commerce has continued to grow exponentially and nowhere is that more apparent than in Asia. As consumers become more digitally empowered and conduct more online transactions, they are likely to start paying more attention to currency movements and wanting to have the choice to select the currency they wish to pay in. RBS’s FXmicropay TM allows merchants to provide its online customers with certainty and transparency about what they would be charged on their credit card bills. ”

RBS will implement additional currencies for SIA in the second phase in the coming months.

Most recent episodes

Trends in RFPs and RFIs: What Treasurers Want

Eleanor Hill (TMI) invites Dick Oskam and Bert Van Drie (ING) into the TreasuryCast hotseat to find out what trends treasurers want to see emerge from the Request for Proposal (RFP) and Request for Information (RFI)...

33:16

Creating a Connected Financial Office

When data flows are connected, it’s so much easier to make quick and accurate decisions. This is the principle behind the notion of the connected financial office. In this podcast, Gareth Priest (Bottomline Technologies) provides informed advice on how...

18:34

Journeys to Treasury: Managing Changing Perspectives

For this special edition of TreasuryCast, we showcase the results of the Journeys to Treasury 2021-22 report. Here, Jan Dirk van Beusekom (BNP Paribas) and Christian Mnich (SAP) offer Eleanor Hill (TMI) an informed view...

33:03

Cybersecurity for Treasurers

Cybercrime and fraud is on the rise and new attack vectors are emerging with alarming frequency. In this podcast, Nicolas Trimbour (BNP Paribas) and Laurent Sarrat (Sis ID) provide an overview of the latest tools and best practices treasurers should be employing...

37:53

A New Treasury Ecosystem: Open Banking, APIs, and BaaS

For this special edition of TreasuryCast, Eleanor Hill invites Peter Claus-Landi (GE) and Jared Smith (HSBC) to cover how key API-centric developments are changing the treasury landscape. With APIs significantly...

18:02

Using Data as the Corner for Finance Transformation

Many organisations face challenges in managing spend, payments, and cash effectively due to siloed processes and datasets across multiple departments. In this podcast, Ulrika Haug (Coupa) and Kim Estes (The Knot...

29:20

Realising Treasury’s True Value – A Strategy for Change

Join John Meehan (Froneri) to hear how Froneri utilised a year of no acquisitions and no meetings to implement a total transformation project through implementation of a TMS, unlocking the true value of his corporate...

49:14

Lessons from Innospec on Building a Strong Cash Culture

Without ready access to the key metrics of cash forecasting, Andrew Hawes (Innospec) knew the business could do little more than react to events. But without the collaboration of key stakeholders too, he knew that...

35:08

How to Make Your TMS the Ultimate Investment Tool

The right TMS can be a huge asset to treasury. But these one-stop shops often fall short when it comes to short term investment workflows. In this podcast, Ed Lopez, James Griffin (Calastone), Jeannot Jonas (Carrier...

01:24:00