By 2028, Travel and Tourism are forecasted to dominate online sales, constituting 76% of the total.
The entire travel industry is anticipated to achieve a volume of USD 1.74 trillion by 2026.
Recognizing the pivotal role of virtual cards in boosting
operational efficiency, online travel agencies (OTAs) are actively forming
strategic alliances to streamline their business operations.
Worldline has chosen Visa as its global scheme partner, with
the goal of equipping OTAs with a specialized B2B virtual card program. This
collaboration aims to facilitate swift and secure payments to suppliers,
leveraging significant investments from both entities.
Rising Demand for Efficient Payment Solutions
In the rapidly expanding OTA market, the demand for
efficient payment solutions is on the rise. Industry projections indicate that
Travel and Tourism will contribute a substantial 76% of total online sales
revenues by 2028. Moreover, the entire travel industry is expected to reach a
volume of USD 1.74 trillion by 2026.
Currently holding a 40% share of the global travel market,
OTAs are set to exert increasing influence across various sectors, including
airlines, hotels, packaged tours, rail, and cruises.
Guillaume Tournand, VP of Growth at Worldline Merchant
Services, said: “We are delighted to announce this significant partnership with
Visa, a global influential and respected brand. It will transform the way
online travel agencies handle payments by offering a unified solution that
combines payment performance and cost effectiveness."
"By leveraging our strong
travel footprint, this initiative unlocks significant market expansion for
Worldline, propelling us as the leading payment solution for travel agencies
and driving sustainable revenue growth.”
Merchant Services Integration Improves Cash Flow
The partnership merges Worldline's Merchant Services
Acceptance capabilities with its Financial Services Card issuing platform. By
combining acceptance and issuing capabilities, the alliance aims to assist OTAs
in effectively managing cash flows and overcoming operational hurdles.
Leveraging its experience and understanding of the online
travel sector, Worldline tries to develop an advanced solution that connects
acceptance with issuing.
Ed Chandler, Senior Vice President, Visa Commercial and
Money Movement Solutions, commented: “At Visa, we obsess about working with
partners to deliver innovative, secure and reliable payment solutions. We are
excited to partner with Worldline, to streamline, unify and enhance how online
travel agencies are paid and pay their suppliers seamlessly.”
Recognizing the pivotal role of virtual cards in boosting
operational efficiency, online travel agencies (OTAs) are actively forming
strategic alliances to streamline their business operations.
Worldline has chosen Visa as its global scheme partner, with
the goal of equipping OTAs with a specialized B2B virtual card program. This
collaboration aims to facilitate swift and secure payments to suppliers,
leveraging significant investments from both entities.
Rising Demand for Efficient Payment Solutions
In the rapidly expanding OTA market, the demand for
efficient payment solutions is on the rise. Industry projections indicate that
Travel and Tourism will contribute a substantial 76% of total online sales
revenues by 2028. Moreover, the entire travel industry is expected to reach a
volume of USD 1.74 trillion by 2026.
Currently holding a 40% share of the global travel market,
OTAs are set to exert increasing influence across various sectors, including
airlines, hotels, packaged tours, rail, and cruises.
Guillaume Tournand, VP of Growth at Worldline Merchant
Services, said: “We are delighted to announce this significant partnership with
Visa, a global influential and respected brand. It will transform the way
online travel agencies handle payments by offering a unified solution that
combines payment performance and cost effectiveness."
"By leveraging our strong
travel footprint, this initiative unlocks significant market expansion for
Worldline, propelling us as the leading payment solution for travel agencies
and driving sustainable revenue growth.”
Merchant Services Integration Improves Cash Flow
The partnership merges Worldline's Merchant Services
Acceptance capabilities with its Financial Services Card issuing platform. By
combining acceptance and issuing capabilities, the alliance aims to assist OTAs
in effectively managing cash flows and overcoming operational hurdles.
Leveraging its experience and understanding of the online
travel sector, Worldline tries to develop an advanced solution that connects
acceptance with issuing.
Ed Chandler, Senior Vice President, Visa Commercial and
Money Movement Solutions, commented: “At Visa, we obsess about working with
partners to deliver innovative, secure and reliable payment solutions. We are
excited to partner with Worldline, to streamline, unify and enhance how online
travel agencies are paid and pay their suppliers seamlessly.”
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!