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.”
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!