David Sorreluz’s Post

Travelstart means we don't have to talk to airlines Booking.com means we don't have to talk to hotels. Amazon means we don't have to talk to shops. Which platform do you think will mean we don't have to talk to banks? I was thinking about this because I was using 22seven, a South African expense budgeting platform. (It's actually one of the better ones I've used anywhere in the world.) Anyway I noticed it could pull accounts for all the banks I use, except Capitec. And that makes 22seven useless to me. But the solution isn't to stop using 22seven. It's easier to open a new account with (say) TymeBank and simply stop using Capitec. And then I can continue having all my transactions in one place. This got me wondering. If booking.com and travelstart and amazon and many other platforms can disintermediate the service providers, why can't his happen in banking? And then maybe banks will just slip into the background as a million developers around the world create cool apps and interfaces that makes dealing with multiple banks frictionless, gives us the best price for every loan, mortgage, overdraft, transaction and FX deal we do and brings the best AI to help us spend and save with ease. If a budgeting app can make me switch banks, I'm pretty certain a cool app that aggregates everything else will have me and millions of others as clients in seconds. If you know of any examples let me know. I'm in. #banking #aggregators #friction

What's the best payment method for travel? ✈️ ☀️ Well, statistics show that travelers prefer card payments. Even as digital wallets gain popularity, credit and debit cards remain the dominant payment method in the travel industry. According to the Airlines Reporting Corporation (ARC), over 90% of all flight tickets purchased in the US were made with a credit or debit card. If you're in the travel industry, integrating reliable card payments will help your business deliver excellent client services. ● Credit card companies have security measures to protect your client data. ● Customers can easily make purchases with their cards, both in-person and online. ● Card payments offer flexibility, allowing customers to choose from various card options. Many credit card companies offer rewards programs that incentivize customers to make purchases. Contact our sales team at sales@aps.money to begin integrating reliable card processing services through APS. #APS #Fintech #Payments #Bordless #TravelIndustry #CardPayments #CustomerExperience

How many payments will you make this week? 1? 10? 100? When you’re mid tour on production chances are you’re closer to double if not triple digits. That means you need your payment provider to have a smooth process so you fly through your payment list. It shouldn’t matter if you’re sending a payment to one person or 100, to the UK or the USA. You need an easy process that streamlines your workload instead of adding to it. With Centtrip you can make fast and secure single or batch payments anywhere in the world. If your current provider can’t do that then ask yourself why you haven’t switched yet? #Centtrip #AlwaysOnTheMoney #InternationalPayments

Offering a relevant local payment method   Offering a preferred payment method at #checkout can have a telling impact on the #conversion rate. But deciding on the same isn’t a straightforward task. Imagine few scenarios: ·        #WeChatPay, #Alipay and UnionPay, which of these options to show to a travel buyer from China? ·        How to go about the payment mix in Europe, an extremely diverse region? ·        PIX or Boleto or Elo, or a mix of any two or all three in Brazil? For a global merchant, it is not easy to decide on offering relevant local payment methods. There are many factors that come into play while deciding on a payment strategy. Other than supporting payment methods on an airline’s website or mobile app, there are other considerations, too. For instance, paying for ancillary services at the airport, it could be a #CX issue or one related to revenue accounting. A real issue, based on an experience with JetBlue last year. It was related to paying for a check-in bag after completing the web check-in. That is the decision to pay for a check-in bag online in a new session after you checked in a previous session. Attempts to pay via a credit card, including one issued in the U. S., didn’t work. And then one had to stand in the queue to check on the issue and also pay for the same (then a non-US credit card works!). The traveller paid more offline as compared to paying online. The issue was on both the legs of the New York-Orlando itinerary. - How to deal with complexities related to completing a transaction in different markets? - How are airlines going about a centralised payments infrastructure?  - How is #paymentorchestration playing its part? Ritesh Gupta Christopher Staab Menel Nevzatova Fabien Mollinari Vojin Rakonjac Damien Cramer Toreson Lloyd Ahmed Bennis Nives Nadoh #travelpayments #airlines #ATPS2024

🌍 Can you imagine a world without cashless transactions? No e-wallets, no prepaid travel cards, and no credit cards! Just think about it: every time you go out, you'd have to carry a stack of cash with you. 💵 Now, picture travelling with your family—five people for a week! That’s a significant amount of cash to lug around, not to mention the safety concerns it brings. 😱 Thankfully, cashless tools like cards and e-wallets have revolutionized the way we handle money. 💳✨ With just a card or even your phone, you can travel light and still enjoy the freedom to spend. Everything you need is accessible in one place, making transactions seamless and stress-free. Imagine the convenience: instant payments, no matter where you are in the world! 🌏✨ Cashless solutions not only make our lives easier but also enhance our travel experiences, allowing us to focus on making memories instead of worrying about money. Let’s embrace the future of finance and the unlimited possibilities it brings! 🚀 #Cashless #TravelSmart #FinancialFreedom #MasterPayGlobal #UnlimitedPossibilities

The Future of Finance is Frictionless Q&A with Dave Glaser: We've seen platforms like Uber, Airbnb etc offer embedded finance within their platforms. How far do you think these services will go? #OpenBanking #PaybyBank #DigitalTransformation

Booking.com, one of the world’s leading travel companies, and Antom, a leading merchant payment and digitisation services provider under Ant International, today announced a strategic partnership which will enhance the payment experience for Booking.com customers by integrating diverse payment options across key markets in Asia.

pay.com.au is the fastest growing fintech in this year’s The Australian Financial Review Fast 100 list. Their platform turns business spending into points which convert to travel loyalty and frequent flyer programs. It has 30,000 customers of which 10,000 have transacted in the last 3 months. It's targeting the 2.6 million SMEs in Australia. It's grown at a CAGR of 385% over the last 3 years to hit revenue of $56.85 million. Pay.com.au will add foreign exchange and receivables next year. All fees charged are paid up front and it takes no credit risk. .... 🔹 Loyalty Central is a unit of Ellipsis & Company; the loyalty experts. 🔹Sign up here for Loyalty Central's monthly loyalty market update, a "just the facts" summary of all the news (including this piece) https://bit.ly/4ckAcXw

As travel providers evolve to meet modern consumer expectations, the digital wallet is set to become one of the most critical tools for unlocking conversion and retention among the most price and value-sensitive customers. A new report from HTS titled 'The Rise of the Digital Wallet' is the first in a series diving into the topic of travel payments and how paytech can supercharge supplier channels. Read the full report here: https://lnkd.in/eKtgytME

✏️ Think Travel Payments Summer School ✏️ ‘Travel Payment Characteristics - B2C’, an Up in the Air | Consultancy infographic How do the main travel sub-verticals compare from a payment vendor perspective, when it comes to complexity, product mix, costs, fraud and credit risk? It's not a 'one size, fits all' approach market! #travelpayments #airlinepayments #payments #fintech