This year’s more than welcome record summer for travel bookings brings with it the unwelcome need to increase working capital, warns Spencer Hanlon from global real-time payments platform Nium, which provides services to online travel agencies, hotels, and airlines around the world. He points out that “without increasing working capital, a company could potentially be wiped out this summer…
Alipay and Mastercard offer international travellers ways to make cashless payments in China
With the resumption of travel and tourism to China in full swing, Mastercard and Alipay, China’s digital open platform under Ant Group, announced the launch of a new payments option that provides international arrivals to China with another simple and secure way to go cashless when visiting the country. Expanding on a partnership established in…
Overlooked, underloved & underestimated: but is ‘B2B payments’ becoming a less taboo topic in travel?
The perception of B2B payments is evolving steadily as many begin to see more than just cost-saving opportunities through embracing new fintech services, comment four experts during a Phocuswright Europe session. Directly or indirectly, in business everyone wants to see the money. So why, historically, has it been so hard to get travel industry professionals…
