>40%
Hedging cost savings
>90%
Forecast accuracy
24/7
Reliability
“Bettr’s treasury management platform helps Capital A to reduce FX costs, protect and improve our margins and reduce risk whilst improving overall operations. The platform enables us to forecast our cash flows to better manage our FX exposure.”
Aireen Omar,
Group Chief Executive Officer
BigPay
Defining the Problem
Complexity doesn’t faze the company once known as AirAsia Group; it’s where it feels most at home. Every day, Capital A manages thousands of cross-border payments and customer transactions, spanning operations across multiple countries and currencies.
“As a group, we serve over 70 million travellers yearly – 35 million of these are AirAsia Rewards members,” explains Aireen Omar. “Our fintech arm, BigPay, has over 1.6 million carded users.”
As a business with cross-border operations, Capital A saw an opportunity to optimise treasury management, by managing expenses in local currencies and transacting in like-for-like currencies.
They also needed a solution that could improve operational efficiency and reduce the cost of managing multi-currency flow.
Building the Solution
Capital A partnered with Bettr to find a solution that could transform its treasury operations and enhance customer experience.
“We are always looking for room to improve especially in Treasury operations, including FX transactions, tightening margins, faster settlement frequency and lowering future transaction costs,” Aireen explained. “Bettr’s treasury management platform helps Capital A to reduce the FX costs, protect and improve our margins and reduce risk whilst improving overall operations.”
Bettr’s treasury management platform leveraged a Time-Series Transformer (TST) Model to help Capital A better manage AirAsia’s cash flow across multi currencies – resulting in more stable, competitive pricing to its customers.
This integration marks a significant milestone for Capital A to operate with greater treasury precision, even in highly complex conditions. “We are now able to lower the hedging cost by about 40% while keeping the costs low for our customers,” Aileen explained.
The successful collaboration between Bettr and Capital A demonstrates how AI innovation and institutional-grade execution can come together to solve real-world FX challenges at scale, setting a new standard for the airline industry.
About Capital A
Capital A is an investment holding company with a diverse portfolio of synergistic aviation and travel businesses, leveraging data and technology to drive growth. Our key businesses include AirAsia, the world’s leading low-cost carrier, Capital A Aviation Services Group, AirAsia MOVE (formerly airasia Superapp) and fintech BigPay as well as logistics venture Teleport and brand development company, Abc. Capital A’s vision is to create and deliver products and services that focus on offering the best value at the lowest cost, underpinned by robust data accumulated over 20 years in operation and one of Asia’s leading brands that remains committed to serving the underserved in Asean and beyond.
As a digital-first group committed to serving the underserved across ASEAN and beyond, Capital A is scaling rapidly towards its 2025 revenue target of USD 6 billion with approximately 25% of that involving cross-border, multi-currency transactions.
About Bettr
Bettr is the digital lending business under Ant International, focused on providing inclusive financial services to micro, small and medium enterprises (MSMEs) in strategic markets through partners via embedded finance.
By leveraging its innovation-led tech like AI and privacy-preserving computing to enable secure financing solutions, Bettr enhances the accessibility and ease of financing, unlocking growth opportunities for MSMEs.
