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Have you ever wondered how digital payments 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 a trusted partner ecosystem, a focus on sustainability, inclusivity, security, and interoperability cannot be overstated. Above all, they hold the promise of first-class customer payment experience (when delivered to a high class).   If you'd like to learn more, please feel free to dive deeper into this topic in my latest blog for Visa Acceptance Solutions. https://vi.sa/49NXhAz   #UrbanMobility #CustomerExperience #VisaAcceptanceSolutions #DigitalPayments #Visa

A recent study by Amadeus Outpayce, Travel Technology Investment Trends 2024, highlighted the complexities travel companies face in optimizing payments, especially with the cross-border payments. From reducing costs to managing multiple connections to payment partners, the challenges are numerous. This is where Trustly solutions powered by Open Banking come in. By leveraging direct bank connections, we empower travel businesses via one connection to: Streamline Payments: Simplify cross-border transactions, eliminating unnecessary intermediaries and reducing costs. Boost Conversion Rates: Offer a seamless, frictionless payment experience that caters to personal preferences, driving customer satisfaction and loyalty. Future-proof flexibility: As the payments landscape continues to evolve, open banking provides a scalable and adaptable solution that can easily accommodate new payment methods and technologies. Ready to simplify your payments and elevate your customer experience? Speak to me to join the growing number of travel companies embracing the future of payments. Connect with Trustly and discover how we together can revolutionize your payment operations. #OpenBanking #TravelPayments #Trustly #FinTech 📷 Terminal 1 - Paris-Charles de Gaulle

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

Payments provide the lifeblood of the travel ecosystem. The method of payment and how quickly sales are settled can impact the profitability of all travel businesses. Over the last few years, new alternative forms of payment have emerged, often on a country or regional basis. In addition, new technologies and trends in mobile payments and digital currencies are set to disrupt the traditional payment process. To better understand the current global payments landscape, and thanks to the support of strong partners: PayPal UATP Worldline, Phocuswright has conducted extensive research on payment trends and how they will impact the travel industry . The report is now available :-) https://lnkd.in/dkM7rbsu

We’re excited to share more payments insights from our latest report on Travel Technology Investment Trends.  Here are some key findings: 🚀 Top Investment Driver: "Improving the user experience" is the leading reason for investment in payments, cited by 75% of travel payments leaders. 🌐 Top Challenges: "Orchestrating global payments flows" is a top five challenge cited by 40% of travel payments leaders.  "Managing multiple connections to payments partners" is the biggest challenge when handling cross-border payments, cited by 51%.  "Difficulty switching to new payments partners as needed" is a challenge for 36%. 📅 Upcoming Implementations: 30% of travel payments leaders plan to implement payments orchestration within the next 12 months.  21% of organizations already offer "embedded finance” services.  29% plan to offer embedded finance services in the coming year. At Outpayce, we're dedicated to empowering travel companies with cutting-edge fintech innovations aimed at simplifying the payment process. Dive into the full report to discover how payment leaders are investing to support growth: https://lnkd.in/e5Zs62Cy      #AmadeusTechTrends2024 #Payments  #Orchestration #EmbeddedFinance 

🌍✈️ Exploring New Horizons: Why Banks are Diving into Travel Sales! Read full article 👉 https://lnkd.in/eTX5KQpk 🚀 Discover the benefits and strategies behind businesses, including banks, stepping into the world of travel sales. From co-branded to white-labeled partnerships, this article delves into how banks like Citi, Capital One, SoFi, and Revolut are reshaping the travel booking landscape. 💳💼 Join us on this journey as companies create additional revenue streams and bolster customer loyalty by seamlessly integrating travel services into their existing platforms. #banks #api #traveltech #duffel #revenuegrowth

Amid post-pandemic recovery, travel firms have been competing for share of wallets, but many have been trapped by manual operations and cumbersome payment. Financial experience impacts overall customer satisfaction, so partnerships should be formed between travel firms and fintechs to transform internal and external processes, catching the 8% CAGR (2023-2028) opportunities in the USD1.6 trillion world market in airlines, surface transport and attractions. Enjoy more insights from our article (Prudence Grace Lai) and let us know your questions/interest: https://lnkd.in/gdtqtQfG Rachel Low, Erin Kyunghee Kim, Ruge (Victoria) Wei, Mila Li #fintech #embededfinance #travel #customerexperience #transformation #payment

"We've moved past the world of 'whether' and 'if' transit systems will adopt contactless payments to one of 'when' and 'how.'" - Nick Mackie, global head of urban mobility for Visa. As overall transit ridership increases, so does the need for contactless payments, with 94% of transit riders expecting public transit to offer contactless payments, according to new research by Visa. Learn more about the future of transit payments and projects underway that are progressing the goal of full open-loop transportation. https://vi.sa/3HeOFad Visa Acceptance Solutions American Banker #Transit #Payments #DigitalWallets #ContactlessPayments #UrbanMobility #VisaAcceptanceSolutions

🌍 Traveling made easier! For travel aggregators, digital wallets are game-changers. They streamline payments, enhance security, and provide seamless, instant transactions. Imagine booking flights, hotels, and tours with just a few taps!  𝐖𝐡𝐲 𝐎𝐩𝐭 𝐅𝐨𝐫 𝐎𝐮𝐫 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐖𝐚𝐥𝐥𝐞𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐀𝐬 𝐓𝐫𝐚𝐯𝐞𝐥 𝐀𝐠𝐠𝐫𝐞𝐠𝐚𝐭𝐨𝐫𝐬? ⚡ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞: Fast, seamless payments for happier customers. 🛡 𝐓𝐨𝐩 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲: Encryption and tokenization to keep data safe. 🌐 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐚𝐜𝐡: Supports multiple currencies and international payments. 💡 𝐋𝐨𝐲𝐚𝐥𝐭𝐲 𝐁𝐨𝐨𝐬𝐭: Easily integrate rewards and loyalty programs. 𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞: https://lnkd.in/gHgFtBdy Ready to revolutionize your travel aggregator business? Let's chat about how our Plug-and-Play Digital Wallet API can transform your business. #TravelTech #TravelSmart #DigitalWallets #TechInnovation #CustomerExperience #TravelService #GlobalPayments #SecurePayments #LoyaltyRewards #DigitalTransformation #PaynetSystems #FinTech

How fintech companies are progressing in the travel space | PhocusWire: The march of traditional banks and newer fintech companies into the travel space is ongoing, gathering pace even, with numerous partnerships and ...