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Articles tagged “payments”

Online Travel

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

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.

Joshua Franklin, Reuters | 4 years ago

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

Online Travel

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

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.

Sean O'Neill, Skift | 4 years ago

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

Online Travel

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It's possible another buyer may emerge, but at a price far below the $1.7 billion deal that the parties struck in a now-vaporized bygone era.

Dennis Schaal, Skift | 4 years ago

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal
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Business Travel

Executive Q&A: How to Cut Costs on Business-to-Business International Payments

Travel companies today are more dependent on moving money around the world than ever before. Minimizing the friction caused by foreign exchange fees, regulatory surcharges, and other international fees requires a secure and streamlined global payment solution.

Sabre Virtual Payments + Skift | 4 years ago

Executive Q&A: How to Cut Costs on Business-to-Business International Payments

Online Travel

Travel Megatrends 2020: Travel Payments Find Path to Painless

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.

Sean O'Neill, Skift | 4 years ago

Travel Megatrends 2020: Travel Payments Find Path to Painless

Online Travel

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

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.

Sean O'Neill, Skift | 4 years ago

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

Online Travel

Amadeus Loses Premier Inn Tech Deal But Sees Growth Elsewhere

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?

Sean O'Neill, Skift | 4 years ago

Amadeus Loses Premier Inn Tech Deal But Sees Growth Elsewhere

Online Travel

MakeMyTrip and Oyo Downplay India Regulatory Probe

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

Dennis Schaal, Skift | 4 years ago

MakeMyTrip and Oyo Downplay India Regulatory Probe
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Online Travel

Decoding the Future of Business-to-Business Payments

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.

Sabre Virtual Payments + Skift | 4 years ago

Decoding the Future of Business-to-Business Payments

Online Travel

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

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.

Skift | 5 years ago

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