Qashio, a provider of visa and spend management solutions, has partnered to launch B2B travel payment solutions in the United Arab Emirates (UAE), Middle East and North Africa (MENA) region, Europe, and the United Kingdom.
The launch of the Visa Commercial Choice Travel program in these regions will transform and digitize payments for online travel agencies and travel management companies, the companies announced on Monday (6 January).
“We recognize that the travel and tourism industry is key to the region, but travel companies are underserved by strong technological payment solutions that work to their advantage,” said CEO and Co-Founder of Qashio. Armin Moradi said in a release. “We are building a one-stop platform that simplifies the corporate travel experience for our clients and allows them to focus on what really matters: growing their business.”
The partnership allows travel agents to acquire Qashio cards and transact in multiple currencies including UAE Dirham (AED), Saudi Riyal (SAR), US Dollar (USD), Euro (EUR), and British Pound (GBP). It will be. According to the release.
Additionally, the solution is integrated with global travel management companies and their booking tools, allowing travel companies to seamlessly and securely digitize and automate payments in the travel sector, the release states. .
“This partnership will provide secure and seamless payment solutions that enable digital transformation and improve efficiency for travel and tourism companies,” Salima Gutieva, Vice President and Country Manager for the UAE at Visa, said in a release. It reflects our efforts.”
B2B payments between travel and tourism operators and vendors are a fundamental part of the sector, but the Management and execution can be very complex. : Travel and tourism. ”
According to the report, 20% of travel and tourism businesses say B2B payments are a very or extremely important issue, and a further 43% say it is a somewhat serious issue.
In a previous collaboration, Qashio partnered with embedded finance platform CredibleX in January 2024 to provide loans to businesses in the MENA region.
Click here for more industry news.
