The partnership simplifies payment processes for OTAs, fostering relationships in the travel industry.
The collaboration introduces virtual cards, leading to higher conversion rates for customers.
Checkout.com, a service provider in the global digital
payments arena, has unveiled a strategic collaboration with Mastercard aimed at
introducing virtual cards to Online Travel Agents (OTAs). This collaboration marks
a step forward in enhancing payment efficiency within the travel industry.
Transforming Online Travel Payment Processes
Under the umbrella of the Mastercard Wholesale Program,
designed to alleviate costs for travel enterprises through the utilization of
virtual card technology alongside a pricing structure, Checkout.com customers are
set to benefit. The integration of virtual cards promises to facilitate
smoother transactions for customers, while concurrently enhancing conversion
rates.
"Mastercard remains committed to powering the travel
economy with digital payment solutions that provide greater flexibility,
visibility, and protection. Over 400,000 travel providers worldwide already
rely on us to enable payments through the Mastercard Wholesale Program, and
we're thrilled to be collaborating with Checkout.com to support their customers
to embrace the next generation of payment solutions for B2B travel," said
George Simon, EVP, Market Development, Mastercard Europe.
Payment Integration Enhances Efficiency for OTAs
The essence of this collaboration lies in amalgamating
acquiring and issuing functionalities, thus furnishing OTAs with a streamlined
mechanism for managing payments across their ecosystem. Traditionally, the
bifurcation of these processes could engender inefficiencies and susceptibility
to errors. However, Checkout.com's integrated solution is positioned to
mitigate such challenges, ensuring a seamless transition from customer payment
acquisition to supplier remittances.
By ushering in a cohesive approach to payment management,
Checkout.com seeks to fortify trust and bolster relationships within the OTA
landscape.
"We're delighted to partner with Mastercard to
complement our virtual card issuing solution, enabling Online Travel Agents to
unlock new revenue streams and deliver a connected customer experience.
Together we'll offer higher payment performance to travel merchants by
combining the Mastercard Wholesale Program with our single integration
connecting acquired sales to issued cards, which unifies acquiring and issuing,
for better cash flow management," said Meron Colbeci, Chief Product
Officer at Checkout.com.
Checkout.com, a service provider in the global digital
payments arena, has unveiled a strategic collaboration with Mastercard aimed at
introducing virtual cards to Online Travel Agents (OTAs). This collaboration marks
a step forward in enhancing payment efficiency within the travel industry.
Transforming Online Travel Payment Processes
Under the umbrella of the Mastercard Wholesale Program,
designed to alleviate costs for travel enterprises through the utilization of
virtual card technology alongside a pricing structure, Checkout.com customers are
set to benefit. The integration of virtual cards promises to facilitate
smoother transactions for customers, while concurrently enhancing conversion
rates.
"Mastercard remains committed to powering the travel
economy with digital payment solutions that provide greater flexibility,
visibility, and protection. Over 400,000 travel providers worldwide already
rely on us to enable payments through the Mastercard Wholesale Program, and
we're thrilled to be collaborating with Checkout.com to support their customers
to embrace the next generation of payment solutions for B2B travel," said
George Simon, EVP, Market Development, Mastercard Europe.
Payment Integration Enhances Efficiency for OTAs
The essence of this collaboration lies in amalgamating
acquiring and issuing functionalities, thus furnishing OTAs with a streamlined
mechanism for managing payments across their ecosystem. Traditionally, the
bifurcation of these processes could engender inefficiencies and susceptibility
to errors. However, Checkout.com's integrated solution is positioned to
mitigate such challenges, ensuring a seamless transition from customer payment
acquisition to supplier remittances.
By ushering in a cohesive approach to payment management,
Checkout.com seeks to fortify trust and bolster relationships within the OTA
landscape.
"We're delighted to partner with Mastercard to
complement our virtual card issuing solution, enabling Online Travel Agents to
unlock new revenue streams and deliver a connected customer experience.
Together we'll offer higher payment performance to travel merchants by
combining the Mastercard Wholesale Program with our single integration
connecting acquired sales to issued cards, which unifies acquiring and issuing,
for better cash flow management," said Meron Colbeci, Chief Product
Officer at Checkout.com.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!