Tagged: travel

June 27, 2024 @ 11:22 pm By Omar Faridi  |  

Digital wallets have become an essential part of the travel experience for many, with 74% of U.S. travelers now using them on their trips. This, according to an update from Visa (NYSE:V). Kicking off the summer travel season, Visa, a global enabler of digital payments,… Read More

June 19, 2024 @ 7:51 pm By Omar Faridi  |  

Nium, a Fintech providing real-time global payments, announced a collaboration with Air France and KLM to power “closed loop” electronic payments between the airlines and selected travel agents. The Nium Airline Payments Solution (NAP) provides “an alternative to travel agent card transactions, using a private… Read More

June 8, 2024 @ 2:33 pm By Omar Faridi  |  

While many Americans are planning to travel and take a road trip this summer, inflation and high costs on essentials may put a damper on their fun in the sun. This, according to an update from Experian. Experian notes in a blog post that some… Read More

June 4, 2024 @ 11:12 am By Omar Faridi  |  

Modulr, the embedded payments platform, announced the launch of its innovative travel payments solution, specifically designed to address the unique needs of online travel agents (OTAs) and travel industry intermediaries. The new offering reportedly “enhances operational efficiency, streamlines reconciliation and cash flow processes, and unlocks… Read More

May 28, 2024 @ 10:54 am By JD Alois  |  

Swiipr, a “travel Paytech” firm, has announced raising £6 million in a Series A funding round led by Octopus Ventures. TX Ventures and Solano Partners also participated in the funding round. Swiipr aims to provide a service for airlines and their disruption payments systems. The… Read More

May 3, 2024 @ 8:55 am By Omar Faridi  |  

Outpayce, which was launched last year to evolve Amadeus’ travel payments business, has been granted an eMoney institution (EMI) license by the Bank of Spain. As a licensed eMoney issuer, Outpayce will be able “to provide regulated payment services in Spain such as accepting customer… Read More

February 13, 2024 @ 7:23 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, announced its new customer, Internet Travel Solutions (ITS), a provider of travel management software that will utilize Marqeta’s comprehensive credit card platform to launch a multi-use… Read More

February 9, 2024 @ 8:28 am By Omar Faridi  |  

Sabre Corporation (NASDAQ: SABR), a software and technology provider that powers the global travel industry, and Revolut, a global fintech company that offers banking services, announce the results of their partnership, which is “propelling the B2B payments process for travel agencies.” The two tech companies… Read More

January 23, 2024 @ 1:48 pm By Omar Faridi  |  

Revolut, the global financial super app, has today announced a partnership to offer its Revolut Pay payment technology to Aer Lingus customers. Revolut Pay will enable customers of Ireland’s flag carrier “to pay at checkout with just one click.” Revolut’s 2.5 million Irish customers and… Read More

December 26, 2023 @ 7:00 am By Omar Faridi  |  

Mastercard (NYSE: MA) and WestJet announce the long-term extension of their partnership agreement, expanding beyond powering transactions by “innovating the travel and purchasing experience for customers while always prioritizing security and trust.” The deepening of the partnership showcases “the progression of each companies’ evolution in… Read More

December 4, 2023 @ 9:36 pm By Omar Faridi  |  

Klarna, the AI-powered payments network and shopping assistant, has partnered with  airline Cathay Pacific in order “to offer fairer, flexible payments to travellers in six countries across Europe.” The agreement is the latest in a series of travel tie-ups for Klarna “as the company aims… Read More

December 4, 2023 @ 7:55 am By Omar Faridi  |  

Visa (NYSE: V) announced the results of its 2023 U.S. edition of the Visa Global Travel Intentions Study, revealing emerging trends “in consumer behaviors and preferences for outbound and inbound cross-border travel.” Travel has surged post-COVID and there are “no signs of retreating, despite rising… Read More

November 25, 2023 @ 6:54 pm By Michael Wong  |  

Scapia, an India-based fintech company focused on making travel more accessible, has successfully raised $23 million in its Series-A funding round. The round was led by Elevation Capital and 3STATE Ventures, with participation from existing investors Matrix Partners India and Tanglin Venture Partners. Scapia said… Read More

November 17, 2023 @ 10:05 am By Omar Faridi  |  

lastminute.com N.V., the European Travel-Tech firm focused on Dynamic Holiday Packages, announces its appointment of Checkout.com as its global payment service provider. Recently celebrating its 25-year anniversary, the lastminute Group is described as “an iconic online travel destination serving millions of customers annually with holiday… Read More

October 22, 2023 @ 6:42 pm By Omar Faridi  |  

Nium, the real-time global payments provider, has expanded its B2B travel payments offering in the Asia Pacific (APAC) region, “building on rising demand for its virtual card solution offering globally.” Travel intermediaries and operators use Nium’s virtual card solution “to efficiently pay suppliers around the… Read More

October 22, 2023 @ 12:22 pm By Omar Faridi  |  

Citi and Navan, a modern travel and expense management solution, announced the launch of a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders. The strategic agreement, which “combines Navan’s all-in-one solution and Citi’s leading commercial card solutions, leverages the… Read More

October 16, 2023 @ 9:49 pm By Omar Faridi  |  

EaseMyTrip.com, one of India’s largest online travel platforms, announced its strategic partnership with Cover Genius, the insurtech for embedded protection. By integrating with XCover, Cover Genius’ global distribution platform, EaseMyTrip customers can add Cancel For Any Reason (CFAR) travel protection “along with the embedded comprehensive… Read More

September 10, 2023 @ 5:06 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with Booking.com, one of the world’s online travel platforms, “to offer flexible payment options for travel bookings.” Through this partnership, Affirm is available “at checkout across several… Read More

August 30, 2023 @ 8:47 pm By Omar Faridi  |  

More Asian travelers to Malaysia will enjoy a seamless digital payment experience at over 1.8 million merchants across the country while Malaysian residents will be able to pay with e-wallets of their home country abroad, thanks to a MOU signed recently between Payments Network Malaysia… Read More

August 25, 2023 @ 11:50 am By Omar Faridi  |  

International card networks, including Visa, Mastercard, JCB, and Discover Global Network, are launching a major campaign with Alipay, the digital payment and lifestyle service platform in China, “to further enhance international visitors’ mobile payment and travel experience in the country on the 30-day countdown to… Read More