PhocusWire’s Post

Whether they believe they can remove friction and/or offer something better than existing #travel companies, payment specialists and financial institutions are looking to increase their stake in the industry. Read now on #PhocusWire: https://bit.ly/4fvRT9A #travelnews #travelindustrynews #travelindustry #fintech #traveltechnology #traveltechnews #traveltech #travelpayments

Having worked closely with the travel industry over the years, I’ve seen firsthand how complex and fragmented the payment landscape can be. For airlines and travel merchants, it’s not just about processing a payment – it’s about managing multiple currencies, regulations, refund policies, and countless customer touchpoints, all while trying to deliver a seamless experience. The travel payments ecosystem is one of the most intricate I’ve encountered, and it’s only becoming more challenging as consumer expectations rise. One delayed payment or broken checkout process can lead to lost customers and, worse, higher transaction fees when they switch to intermediaries. The reality is clear: getting payment strategy right is no longer just an operational concern. It’s a strategic imperative for growth. And with the travel industry undergoing a massive transformation, those who can streamline their payments to deliver seamless, adaptable experiences will be the ones leading the charge. #PaymentOrchestration #TravelPayments #CustomerExperience #FutureOfTravel

🚀 The travel industry is poised for a major transformation! With consumer behaviours rapidly changing, airlines must revamp their payment systems to align with the digital age. Traditional card payments are declining, with projections indicating a mere 4% annual growth until 2030. This underscores the urgent need for a broader range of payment options. Amid recent global disruptions, airlines must provide flexible and customer-focused payment solutions to maintain their competitive edge and profitability. 👇 Download our e-book and delve into the future of payments and explore the rising demand of Payment Orchestration to help merchants navigate payment complexities.

🌍 Empowering Banks with Exclusive Merchant Offers for Outbound Travelers ✈️ As international travel surges, the demand for personalized offers from merchants is growing among outbound travelers. Here’s why this matters and how banks can benefit: 1️⃣ Why Merchant Offers Matter: Travelers are always on the lookout for value-packed deals, from dining to shopping and experiences. Exclusive merchant offers enhance their journey, adding value to their international trips. 2️⃣ Benefits for Banks: Customer Retention: Exclusive offers create meaningful engagement, strengthening customer loyalty. Increased Spend: Travel-related deals encourage customers to use their bank-issued cards, boosting transaction volumes. Brand Differentiation: Stand out in a competitive market by offering tailored solutions to your customers. 3️⃣ How Adneto Technology Helps: We specialize in curating and managing exclusive merchant offers for banks, providing seamless integration to deliver these deals to your customers. From sourcing the best offers to ensuring effective distribution, Adneto Technology makes it simple to enrich your cardholders’ travel experience. Ready to make travel rewarding for your customers? Let’s connect! 🤝 #TravelOffers #BankingInnovation #CustomerExperience #Adneto #financialinstituions #fintechs #banks #OutboundTravel #TravelRewards #FintechSolutions #DigitalBanking #TravelDeals #MerchantOffers

Travel has always been an enticing vertical for Acquirers, high volume & big ticket, but it comes with significant risk. If you want to find out more about the current trends and ways in which you can mitigate the risks to your business you really should join this session.

Competing in the Crowded Credit Card Space? To stand out in the credit card landscape, you need more than just a rewards program. Integrating seamless, full-featured travel booking capabilities and personalized rewards is key to elevating cardholder engagement. Check out our blueprint for winning in travel rewards: https://hubs.ly/Q02SLvyM0 #TravelLoyalty #RewardsPrograms #CustomerExperience #FinTechSolutions

🌐 Is the Travel Industry Ready for Digital Wallets? 🌐 Digital wallets are changing the travel landscape, making payments, ticket storage, and even digital IDs more accessible. With 74% of travelers using them already, and new trials across Europe, we're moving closer to a seamless digital journey! The EU’s Digital Wallet system is pioneering secure data-sharing for smooth check-ins, but a fully digital travel experience still needs global cooperation on standards and security. The future of travel may be paper-free, but for now, watch as digital transformation takes flight! ✈️📲 📖Read more: https://lnkd.in/gdhQTaBU #DigitalWallets #FutureOfTravel #TravelInnovation

Think Travel Payments - Episode 3 - Value Added Services Recording of the third webinar with guests Esperanza Fernandez, Maarten Rooijers and Suby Valluri, covering the following topics: ➜ Value added services and Payment orchestration ➜ Payment Conversion Funnel ➜ Multi Currency Pricing & Dynamic Currency Conversion ➜ 3D Secure, impact of Strong Customer Authentication ➜ The role and future of Tokenization ➜ Latest industry news #airlinepayments #travelpayments #fintech

Most of the budgeting apps and PFM apps have failed in Europe where open banking is live. It is a nice feature to have and customers find it useful but they have failed to understand on how to monetize it. Banks hold the primary relationship, your salary and have an understanding of your transactional behavior. The competition will be between the tier1, tier 2 and the challengers and desintermediation of specific banking products from your primary banking relationship.