Articles tagged “digital payments”

Payments Firm for Airport Luxury Goods Shops Could Sell for $2.6 Billion

Payments Firm for Airport Luxury Goods Shops Could Sell for $2.6 Billion

Joshua Franklin, Reuters

Global Blue helps luxury goods shops at airports process purchases by international travelers. Private equity firm Silver Lake's attempted sale of it looks likely soon.

2 months ago

The Travel Sector Is Retooling Back-Office Payments in Response to the Crisis

The Travel Sector Is Retooling Back-Office Payments in Response to the Crisis

Sean O'Neill, Skift

The travel sector's slo-mo refund process has infuriated everyone. So the crisis is upending the dull business of how money is sent among travel companies, resellers, tech vendors, and financial institutions.

3 months ago

Travel Megatrends 2020: Travel Payments Find Path to Painless

Travel Megatrends 2020: Travel Payments Find Path to Painless

Sean O'Neill, Skift

Global payments technology and rules are changing swiftly, led by seamless innovations in Asia that are making life easier for consumers. Travel companies of all sizes are finally taking action in order to stay competitive.

8 months ago

Wex Buys Enett From Travelport for $1.7 Billion in a Travel Payments Mashup

Wex Buys Enett From Travelport for $1.7 Billion in a Travel Payments Mashup

Sean O'Neill, Skift

With this deal, Wex now becomes a powerhouse in assisting business-to-business travel payments worldwide. The deal also gives cash to seller Travelport, which might use the money to expand its airline tech offerings.

8 months ago

Alipay, WeChat Apps Open to Foreign Visitors to China

Alipay, WeChat Apps Open to Foreign Visitors to China

Bloomberg News

This sure looks like the first step to global ambitions of Chinese payments giants WeChat Pay and Alipay. Those who think Tencent and Alibaba see the world outside as small, relative to home market where chat-and-wallet is the norm, must think again.

11 months ago

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

Yoolim Lee, Bloomberg

It's no secret that Go-Jek is keen to be Southeast Asia's answer to China's WeChat. Its move to expand digital payments will be a key step to gain dominance in the region.

1 year ago

Sponsored
Cross-Border Payments: 4 Best Practices That Travel Providers Should Keep in Mind

Cross-Border Payments: 4 Best Practices That Travel Providers Should Keep in Mind

Flywire Payment Solutions + Skift

The travel industry has its own set of unique challenges when it comes to getting cross-border payments right. There are a few key tactics that can turn a good payments strategy into a great one.

1 year ago

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Dennis Schaal, Skift

Cryptocurrency is only in its early days, but already it's easy to see how its mission to democratize the financial system might be co-opted. And do currency reformers really need Facebook, with all of its baggage, leading this Libra effort?

1 year ago

Japan Adopts New Payments Tech in Response to Chinese Tourism Boom

Japan Adopts New Payments Tech in Response to Chinese Tourism Boom

Sean O'Neill, Skift

Americans and Europeans who used to scoff at QR-style bar codes are going to need to learn how to use them to pay for meals, attractions, and tickets whenever they visit Japan. The reason? Swelling Chinese tourism is prompting the country to adopt China’s preferred mobile payment method.

2 years ago

$34 Billion Purchase of Worldpay May Shake Up Travel Payments

$34 Billion Purchase of Worldpay May Shake Up Travel Payments

Felice Maranz, Bloomberg

Worldpay is of the biggest players in processing cross-border payments, especially for travel companies. Fidelity National Information Services (FIS) will buy Worldpay in a $34 billion deal that will be one of the largest transactions yet in the fast-consolidating payments sector. But if the merger distracts Worldpay from expanding in emerging markets, rivals might steal share.

2 years ago

Max Levchin’s Affirm Brings Installment Payments to Travel

Max Levchin’s Affirm Brings Installment Payments to Travel

Julie Verhage, Bloomberg

PayPal co-founder Max Levchin said his new startup Affirm is piloting a new product where consumers can pre-qualify for a 20-day period with a specific merchant to add on items as they build out their trip, such as flights, hotels, rental cars, seat upgrades. The new effort will bring stiff competition to other startups like Uplift, Airfordable, and AirWallex.

2 years ago

Sponsored
Travel Providers Need to Embrace Digital Payments or Risk Becoming Irrelevant

Travel Providers Need to Embrace Digital Payments or Risk Becoming Irrelevant

Wirecard + Skift

Consumers are increasingly using digital and mobile payments both while planning their trips and while in-destination –– which means travel providers looking to have a global reach need to prioritize their digital payment experiences.

2 years ago