Volopa’s Operations Director James Shattock Highlights the Advantages Amid Evolving Corporate Travel Trends
As the landscape of business travel continues to evolve, companies are increasingly adopting multicurrency cards to streamline expenses and enhance financial efficiency. With corporate travel patterns shifting toward cost-conscious, flexible, and tech-driven solutions, businesses are seeking smarter financial tools to manage international expenses. Multicurrency cards have emerged as a key solution, directly addressing the challenges posed by fluctuating exchange rates, hidden fees, and administrative inefficiencies.
This press release explores the correlation between these shifting corporate travel trends and the rise of multicurrency cards as an essential payment solution for global enterprises.
Evolving Business Travel Dynamics
The business travel industry has proven itself resilient as it leaves the global pandemic behind and moves into a new era of post-pandemic stabilisation. The Global Business Travel Association forecasted that 2024 global business travel spending reached $1.48 trillion, an increase from 2019 spending which was a previous record at $1.43 trillion.
The trend of blending business and leisure travel, known as “bleisure,” is gaining momentum as remote and hybrid work arrangements become more common, contributing to enhanced work-life balance and optimised travel costs. A recent study revealed that 64% of business travellers extend work trips for leisure, saving an average of £791 per trip.
Global companies are increasingly recognising the benefits of bleisure, as it boosts employee satisfaction, reduces travel burnout, and encourages a more productive workforce. According to Deloitte, most travel managers expect their companies’ spending to grow by 58% in 2025, highlighting the need for businesses to revise corporate travel policies to allow extended stays while ensuring compliance with expense management guidelines. In fact, two-thirds of corporate travellers in 2023 said they extended their business trips for leisure, emphasising the growing popularity of this approach.
The Rise of Multicurrency Cards
In response to these evolving trends, businesses continue expanding their international operations; sending employees abroad for work trips has become a routine necessity.
However, managing travel expenses across multiple currencies presents a challenge, often leading to inefficiencies, hidden fees, and administrative burdens. To address this, more companies are turning to multicurrency corporate cards, which provide a streamlined and cost-effective solution for managing global travel expenses.
James Shattock, Operations Director for Volopa, a leading provider of multicurrency payment solutions, emphasises the strategic advantages of adopting multicurrency cards:
“In today’s global economy, managing multiple currencies efficiently is essential. Volopa’s multicurrency cards help businesses eliminate unnecessary fees and simplify international spending, while giving finance teams greater visibility and control over where and how money is spent. This kind of financial agility allows companies to operate with confidence across borders and adapt quickly to changing travel needs.”
Technological Integration and Future Outlook
Shattock further highlights how technology is shaping the future of corporate travel spending:
“Smart financial technologies are transforming how businesses manage travel expenses. With automated spend categorisation, real-time FX insights, and policy enforcement tools, our platform empowers companies to streamline their processes, improve compliance, and make more informed decisions, all without adding complexity for employees on the move.”
As the adoption of multicurrency cards continues to rise, businesses will benefit from smarter, more efficient expense management, helping them stay ahead in an increasingly digital and global economy.”
