Duffel’s Post

As many of you may know, Axify.shop started as a friendly payment method, so people could afford their travel packages during the pandemic, and use them once the quarantine and mobility restrictions were over. Why am I telling you this? I just read an article about how fintechs are revolutionizing the travel industry. Let’s start from the beginning: according to ReportLinker, the global travel business market is projected to reach a revised size of US$928.4 Billion by 2030. What does this mean? Fintechs will be looking to “capitalize on this growth by offering simplified solutions to replace the expensive and time-consuming legacy systems in the industry”. How can fintechs help the travel industry? ✅ Fintechs' expertise in payment and treasury management allows travel companies to customize and streamline their internal workflows for greater flexibility. ✅ Fintechs help travel businesses tackle big data challenges, offering solutions and guidance to comply with regulatory changes, such as licensing rules and accounting standards. ✅ By using a fintech provider with a multi-territory presence, travel companies can focus on their core business, avoiding the complexity of building financial partnerships, handling multi-currency transactions, and navigating regulatory changes. If you mix these benefits with all the good things that come with a Save Now, Buy Later model, travel companies can reduce their CAC, increase their engagement, and create a frictionless conversion funnel. Why? Because this model makes people prioritize paying in instalments before the trip incentivizing savings behavior, rather than paying for their trip up front or with credit, which is super expensive for business. If you want to understand more about the impact of the fintech industry in the travel business, you can read this article: https://lnkd.in/dWjJAjer Also, here’s the report where you can understand the context about the global travel industry: https://lnkd.in/dDG-pMUK — 🛬 #travel #savenowbuylater #savings #finance #industry #fintech

🎩🚀 Ready to dominate the boardroom like a Monopoly pro? 🚀🎩 🌟 Revolut Business is your winning ticket to success! Just like buying up properties, our platform lets you expand your business with multi-currency accounts, lightning-fast transactions, and competitive foreign exchange rates. 💼 No more playing by the traditional rules! With Revolut Business, you're the ultimate tycoon, making strategic moves and buying up Park Lane and Mayfair. Join the revolution today and let's build empires together with me as your account executive! 💼💥 #RevolutBusiness #MonopolySuccess #GameChanger #StrategicMoves

Exciting news in fintech! Revolut is revolutionising rewards with RevPoints, its new loyalty programme designed to turn everyday spending into incredible perks. Whether it's airline miles, discounts on travel, or premium accommodations, RevPoints offers something for everyone without the need for a credit card. With over 40 million users globally, Revolut is reshaping how we think about loyalty programmes. By making rewards accessible through routine purchases, Revolut ensures everyone can enjoy the benefits of smart spending. What do you think about loyalty programmes that reward everyday spending? Are they the future of banking? 🚀 Source: The Fintech Times / https://lnkd.in/e7VKbAth #Revolut #FintechNews #LoyaltyProgramme #BankingInnovation #CustomerRewards #DigitalBanking #FinanceTechnology #FintechTrends #FinancialServices #BankingRevolution

💡Question of the day : Have you ever wondered how #digitalpayments are revolutionising the way people travel in and around cities? 💳Digital payments are a stepping stone towards #growth, and meeting todays passenger expectations by encouraging collaboration across the payments, #technology and transit industries. 📌The importance of an ecosystem of trusted partners, focused on sustainability, inclusiveness and security are key criterias for success! Read more in this interesting article🔎🔽 #fintech #fintechnews #payments #digitalpayments #digitalsolutions #digitalbanking #digitalassets #fintechcompanies #paymentsolutions #future #technologysolutions #fintechecosystem

Could your bank be your new travel agent? 🌴 Lately, I've noticed fintech firms adding services to cover every aspect of the holiday process. Most prominently Revolut became the first financial firm in the UK to launch an eSIM in February. Users can get cost-effective data plans for wherever they're roaming directly from the bank's app. That adds to Revolut's existing travel offerings like its Stays accommodation booking feature, as well as the fact that Premium and Metal customers can purchase lounge access at 1,000+ airports. Meanwhile Brazil's Nubank partnered with Wise this month to launch a new global account for holding different currencies. This product also comes with an eSIM and free data for customers to use while abroad. With roaming, booking and converting cash all taken care of by your bank, what could be next? In-app holiday planners? Automatic visa applications? Let me know where you think fintech will take this trend next in the comments below, and please tag any companies you think are doing interesting work in this space. #TravelMoney #FinTech #Neobanks

Chugging along with #4 on our countdown of the top opinion articles of 2023.. TRAVEL FINTECH TRENDS TO WATCH IN 2023 Written by Outpayce from Amadeus CEO David Doctor, this story from January looked at opportunities for #travel companies to capitalize on the trend of financial services like payments, lending and more to be embedded in digital experiences. ➡️ https://bit.ly/484hXnN You can see the full list here on #PhocusWire: https://bit.ly/47epBuV #travelnews #travelindustrynews #travelindustry #fintech

Over 23% of potential travellers abandon bookings due to payment issues. In the highly competitive aviation sector, this represents a significant lost opportunity! Our Head of Sales EMEA, Ciaran Wilson unpacks the transformative potential of Payment Orchestration Platforms to maximise conversions. Here's a glimpse of what you'll discover: 1️⃣ Streamlined Acquirer Management: Payment Orchestration centralises management for the 57% of merchants dealing with multiple acquirers, simplifying processes and reducing reconciliation issues. 2️⃣ Modernised Payment Interfaces: Upgrade outdated payment pages to improve customer experiences and increase conversions. 3️⃣ Efficient Management of Diverse Payment Methods: As alternative payments rise, Payment Orchestration streamlines integration, aligning with customer preferences. 4️⃣ Minimised Revenue Loss from Foreign Exchange: Address currency fluctuations and hidden fees with multi-currency processing and real-time payments for optimal rates. 🔗 The read more click the link in the comments. #aviation #fintech #paymentorchestration #airlinemanagement #traveltech

Some insights on how Payment Orchestration can transform an airlines payment landscape and drive increased conversions.

Great session from Spencer Hanlon on how fintechs can shape the future of travel payments. #Travelpayments #Virtualpayments #wtm2023

⁣⁣ "Flights are no quicker than they were 10 years ago, but financial journeys can now unlock a new world of convenience and speed in travel. Payments personalisation, with a focus on onboarding and checkout rather than boarding times and baggage check-ins, can stimulate business and meet the sky-high expectations of customers" Money20/20 ⁣⁣ Technology is transforming our travel experience. At this years Money20/20 some of the experts in the travel industry from Aer Lingus to Endava discussed how financial innovation can unlock a faster and more convenient way to experience travel.⁣⁣ ⁣⁣ By using technology such as Dynamic Currency Conversion and Generative Artificial Intelligence the customers travel experience can be personalised every step of the way. From the planning phase of creating traveller centric search and shopping experiences to 'on-trip', where travellers can choose to pay in their own currency or be engaged with conversational GenAI chatbots to understand their preferences.⁣⁣ ⁣⁣ Another advancement influencing travel is the Digital identity wallet which can be used to store ID cards, driver’s licenses, passports, travel preferences and payment details enabling a full contactless travel experience.⁣⁣ ⁣⁣ To find out more about DCC and how AIB Merchant Services can support your overseas customers contact our sales team today https://lnkd.in/eSst3jZq ⁣ #poweredbyaibms #money2020EU First Merchant Processing (Ireland) DAC, trading as AIB Merchant Services, is regulated by the Central Bank of Ireland.