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.
Curve
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, Source: LinkedIn
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, Source: LinkedIn
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.”
X Open Hub’s CEO, Michal Copiuk, on the developments of AI
X Open Hub’s CEO, Michal Copiuk, on the developments of AI
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
FX and CFDs in Africa: Key Industry Trends | FMAS:24
FX and CFDs in Africa: Key Industry Trends | FMAS:24
As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
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As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 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
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Don't miss out on our latest videos, interviews, and event coverage.
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Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 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
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Don't miss out on our latest videos, interviews, and event coverage.
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