Multi currency Account

What is a Multi-currency account?

We are providing a feature where customers can specify the desired settlement currency for each transaction. This innovative service offers several key benefits:

1. Before if customers need to transact in multiple currencies, they need to have multiple accounts opened with Atlas; 1 for each currency. Moreover, the same email id cannot be used in different accounts. This update is for 1 account which can handle multiple currencies. Multiple currency option now through a single API.

2. Flexibility and Control: Clients have the option to choose their preferred currency for each transaction based on market conditions, financial strategies.

3. Cost-effective Solution: Atlas provides bank accounts in different countries enabling quicker and more cost-effective payments.

Supported Currencies

The primary currencies you can choose as your settlement currencies: USD, EUR, GBP, SGD, CNH, CNY, CAD, CHF, NZD, HKD, NOK, DKK, CZK, PLN, AED, SEK, HUF.

Process:

• Request the relevant bank information from Atlas.

• Transfer funds to the account and upload documents in ATRIP.

• Add the "currency" element to the search request with the required settlement currency.

ATRIP:

Account Top-up

ATRIP now allows customers to specify the currency for topping up during recharge and dynamically display the corresponding balance of the chosen currency when a new currency is switched. This provides an option in the recharge record to filter by the currency used for recharging.

In top-up history section, the customer can filter as per the settlement currency.

Transaction Records

A filter for currency has been added to the screen to help locate the transaction details more quickly.

Invoice Management

A filter for currency has been added to the invoice management screen to help locate the transaction details more quickly.

Invoice and Reconciliation Statements

Within the invoicing cycle, multiple invoices and bills for different currencies will be generated.

The transaction and the post-ticketing fees (in the contract) will be converted to the settlement currency in the invoice and reconciliation statements.

Settlement Currency: CNY

Settlement Currency: USD

Emails

Invoices and Statements

Invoice and statement emails are sent separately for each currency.

Insufficient Balance

When the account balance in a specific currency reaches the warning threshold, an email notification is sent to the customer.

API Update

Search Request

{
"tripType": "2",
"adultNum": 1,
"childNum": 0,
"infantNum": 0,
"fromCity": "KRK",
"toCity": "LTN",
"fromDate": "20240326",
"retDate": "20240423",
"airlines": ["W6"],
"currency": "GBP",
"displayCurrency": "PHP",
"requestSource": "Organic"
}

The "currency" element is the element which defines the settlement currency. By default, Atlas will use the customer's default contract currency as the settlement currency for quoting.

In the "Search" and the subsequent responses, the pricing as per the settlement currency will be provided in the "currency" element and the subsequent "price" element.

Transaction Fee Conversion

The transaction fee will be converted to the "settlement currency" as per the timestamp of the verify response as the verify response is the stage when the ticket price is quoted.