Business Update – COVID-19
Our overarching objective is to look after the health and wellbeing of our people whilst ensuring the business remains strong and resilient. We will be
March 19, 2020
Aurelie is in the Venice of the North, Amsterdam for the Phocuswright Young Leaders Summit Conference, testing the level of acceptance of virtual cards with her Conferma Pay enabled Apple Pay wallet.
Amsterdam offers an incredible mobile payment experience. It works wherever you can pay contactless, which is almost anywhere. Any business travel relying on virtuals can make successful admin free mobile payments on to go. The high level of acceptance has a lot to do with the sophisticated cashless infrastructure already present in Denmark. Figures published in 2018 by payment association Betaalvereniging Nederland show that 40% of payments made using direct debit cards were contactless, over double the 2016 figure. Cash is being phased out in Dutch shops and on trams and buses. Amsterdam’s public transport system has been cash free since earlier this year, and various shops, such as Marqt and the Vlaamse Broodhuis, have never accepted coins or notes. Supermarkets are also developing ‘pin only’ checkouts.
The only challenge Aurelie faced during her stay for the 2019 Phocuswright Conference was paying for the train back to the airport. We think this was a technical fault taking place during that day.
To view the full episode, click here.
About Conferma Pay
Conferma Pay is a global financial technology company. We design and integrate virtual payment systems that provides a more efficient, seamless and secure way to pay for for businesses.
Travel Meets Payment
Conferma Pay was born in Manchester in 2005. Since then we have connected over 700 TMCs, and directly integrate with all the major GDSs and OBTs. Our roots lie in corporate travel payment integration.
We enable our payment providers to flow virtual cards into the preferred purchasing process of any business travel buyer. Crucial to this is our network of banking partners, who have issued virtual cards in over 200 countries, in 40 currencies with over 45 commercial banking partners via all major card networks.
Our ecosystem continues to expand to meet the growing requirements of our global customer base.
