Articles tagged “payments”

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.

4 weeks 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.

1 month ago

Amadeus Loses Premier Inn Tech Deal But Sees Growth Elsewhere

Amadeus Loses Premier Inn Tech Deal But Sees Growth Elsewhere

Sean O'Neill, Skift

A few months ago, activist investor Elliott Management took Amadeus rival Travelport private. Elliott also happens to be the largest shareholder of Whitbread, the parent company of Premier Inn. That hotel chain has now dropped its contract with Amadeus for software services. Coincidence?

4 months ago

MakeMyTrip and Oyo Downplay India Regulatory Probe

MakeMyTrip and Oyo Downplay India Regulatory Probe

Dennis Schaal, Skift

MakeMyTrip definitely faces some near-term challenges, but it doesn't consider a recently announced regulatory probe in India to be one of them.

4 months ago

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Decoding the Future of Business-to-Business Payments

Decoding the Future of Business-to-Business Payments

Sabre Virtual Payments + Skift

Hotels and airlines now distribute their inventory through countless partners. As a result, there’s a growing need to provide payment flexibility while simplifying how business-to-business payments work in the travel industry.

4 months ago

Facebook Urged to Place Libra Cryptocurrency Initiative on Hold

Facebook Urged to Place Libra Cryptocurrency Initiative on Hold

Jesse Westbrook, Bloomberg

If the Facebook-inspired Libra cryptocurrency were ever to be one of the solutions travel and other companies might deploy to resolve global payment issues, they might want to fire up alternative currency solutions. Libra is all but dead, gone, and buried.

4 months ago

Skiftx Original
Skift Tech Forum Video: Why Payment Strategy is Key to Travel’s Frictionless Future

Skift Tech Forum Video: Why Payment Strategy is Key to Travel’s Frictionless Future

SkiftX

A smart payments strategy sits at the heart of any successful travel business. But too many companies take this hidden infrastructure for granted in their decision-making. In this conversation with executives from Visa, we get a better sense of the evolving role that payments technology plays in today’s frictionless travel experience.

7 months ago

Go-Jek Snags Undisclosed Funding From Thailand’s Largest Bank

Go-Jek Snags Undisclosed Funding From Thailand’s Largest Bank

Anuchit Nguyen and Yoolim Lee, Bloomberg

Southeast Asian banks are investing in the region's biggest ridehailing rivals, Go-Jek and Grab, to hitch a ride on their expansion into financial services. These unicorns have moved beyond ridehailing, with payments being a hotly-contested battleground.

8 months ago

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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.

8 months ago

Skiftx Original
Skift Forum Asia Video: How APAC is Transforming the Global Payments Landscape

Skift Forum Asia Video: How APAC is Transforming the Global Payments Landscape

SkiftX

Mobile payments are already commonplace in parts of Asia — China particularly — but as travelers adopt these tools, travel companies will need both local expertise and deep technological capabilities to make sure their guests can pay when and how they like.

8 months 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?

8 months ago

Amazon Collects Fees From Cleartrip in New India Flights Offering

Amazon Collects Fees From Cleartrip in New India Flights Offering

Dennis Schaal, Skift

Amazon's deal with Cleartrip using Amazon Pay for India domestic flights could be a forerunner of similar moves in other emerging markets where payment systems are being disrupted. This time around in travel, Amazon has decided to partner rather than build its own offering — a very reasonable way to get back into the game.

9 months ago