Flying with Fintech: How Virtual Cards Create an Air Travel Payments Revolution - TravelMole


Flying with Fintech: How Virtual Cards Create an Air Travel Payments Revolution

Tuesday, Sep 26, 2023 0

 

Moden air travel is a marvel of coordination.

 

An international dance of crew, machinery, logistics, and infrastructure combine to help humans defy gravity. So why have the industry’s payment systems remained so stubbornly earthbound?

 

The air travel ecosystem requires managing complex payment flows involving many different parties, including travelers, tourism suppliers, and third-party vendors worldwide. Existing processes often lead to high operational costs, errors, and cash flow issues — many of which fall on online travel agencies (OTAs).

 

OTAs face the fundamental problem of providing services on a global scale that require locally-tailored compliance and integration to ensure acceptance and manage overhead. However, they also bear a disproportionate amount of the risk.

 

Fintech will transform the way money moves through the air travel ecosystem. Virtual cards give OTAs more control, transparency, and insight into payment processes, reducing unnecessary fees, and maximizing acceptance rates to deliver a consistent, efficient customer experience.

 

This definitive ebook from Nium takes a deep and timely examination of global OTA payments and virtual card strategies agencies can employ to minimize their risk exposure.

 

You will learn:

 

  • How payments shape success in the OTA ecosystem
  • The regional trends driving change and performance for OTAs
  • Why new payment systems can drive competitive advantage

 

Download the Nium ebook here: How Virtual Cards Create an Air Travel Payments Revolution (nium.com)



Learn more about Nium


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