Explore Our Content - travel payments

How are OTAs (online travel agencies) flying with fintech? Payment systems in air 
travel are inefficient, slow, and expensive, creating friction between OTAs and their 
airline partners. With price changes and global events driving increased volatility, cancellations, refunds, and lost revenue, OTAs bear the brunt of the risk.

Nium, a global leader in cross-border money movement, and Travel Ledger, a global B2B settlement network for the travel industry, have announced a strategic agreement to bring innovative payments solutions to travel businesses worldwide. Nium’s single platform for global payments and card issuing pr

Currency support for popular tourist hub allows Nium customers to issue a virtual card and spend in AED for fast payments, reduced complexity, and improved transaction-level controls By Christian Falzon, Product Director, Nium Travel The United Arab Emirates (UAE) are a must-visit country with fanta

Summary Global air travel has been fast rebounding, and there has never been a better time for the travel industry to rebuild the synergy of the ecosystem. For airlines, because of razor-thin margins, operational optimization has become the key focus. Technological innovation in facilitating B2B tra

The travel ecosystem is a complex web of businesses, all of which rely on each other to function. From airlines to online travel agents (OTAs) to corporate travel management companies (TMCs), each player in the ecosystem has a unique role to play. And, with all of these different businesses come dif

The Ixaris journey began in 2003 when serial entrepreneur, Alex Mifsud, introduced Europe to its first virtual prepaid card. This introduction would revolutionize the payments industry in Europe and change how industries, such as travel, paid and got paid. After more than 17 years of payment innovat

Travel was highly impacted as an industry during the pandemic, suffering a staggering loss of $4.5 trillion in 2020. After getting somewhat back on track, there was further disruption when the Omicron variant restarted the whole process of travel restrictions again. With the uncertainty of global ev

Payments in the travel industry are more demanding and challenging than in other verticals. Not only is travel cross-border and ever-changing, it also involves complex supply chains (and thus payment chains) spanning hotels, airlines, car rentals and a wide range of other transport and travel servic

There was a time when handling business payments usually meant working with banks. But today, thanks to the growth of fintech and open banking, there are many payment service providers (PSPs) who can offer B2B and B2C solutions for all types of enterprise. Because the payments industry is highly com

Published Aug 24, 2021 Online travel agents (OTAs) face many challenges – economic uncertainty, geopolitical fluctuations, airline strikes and climate issues are just some of the things that can hit their profit margins. Needless to say, the impact of Covid-19 is the biggest risk at the moment. Whil