Monarch Travel Group

Monarch Travel Group was looking to provide a more holistic travel solution to their passengers while simultaneously growing revenue. They approached CorporatePay about implementing a foreign currency service for their passengers.

What did CorporatePay do?

Through CorporatePay's proprietary travel money platform, Monarch Travel Group launched three travel money products: two prepaid white-label currency cards, a Eurozone and a Worldwide card, as well as a white label currency home delivery service.

• Sales are channelled directly through a CorporatePay hosted website ( www.monarchcard.co.uk), and through integration of the cards into Monarch's existing booking path, allowing Monarch the opportunity to maximise sales of this ancillary product.
• The cards and currency seamlessly integrate with Monarch's brand and offer consumers excellent value for money, with great exchange rates, no commission, and free delivery on orders over £500.
• In addition, CorporatePay negotiated an industry-first deal with Countdown, a leading UK discount provider, to provide Monarch Worldwide cardholders with access to Countdown's discount network across the UK. These cards give the holder access to Countdown's restaurant, retail and online discounts as well as providing great value for money when used abroad.

How did this benefit Monarch?

CorporatePay's white label foreign currency allowed Monarch to:

• Develop an ancillary revenue stream,
• Provide a more comprehensive, one-stop travel solution to their customers,
• And build long term relationships with their cusotmers

How did this benefit Monarch's consumers?

Monarch's foreign currency service offers a range of benefits to its consumers, including:

• Competitive exchange rates, 0% commission
• Free delivery over £500
• Worldwide access to travel money though ATMs or at merchants via the MasterCard® network of 30 million merchants and 1.5m ATMs
• Chip & PIN protection for your travel money
• Greater control over budgeting and spend as you can only spend what you load
• The ability to top up online from anywhere in the world, allowing card holders to pick when to load their card based on the exchange rate
• Access to discounts throughout the UK via the Countdown scheme
• Provision of a more comprehensive solution while booking flights or trips though the Monarch website, eliminating the hassle of queuing on the high street etc.