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November 30, 2022
Conferma, the leading provider of virtual card technology, has announced the appointment of corporate travel expert Desmond Chong as Director of Business Development, South East Asia.
As part of Conferma’s global strategy for further expansion of corporate virtual payment solutions, Desmond will be committed to developing Conferma`s growing virtual card issuing ecosystem in APAC. The opportunities are immense as the Asia-Pacific region is the fastest-growing in the world for corporate travel. By 2025, corporate travel spending in Asia-Pacific will more than double to $900 billion from the current $400 billion and will make up half of the global total. [1]
Chong will be based in Southeast Asia’s economic powerhouse and a flagship of corporate travel, data consolidation and financial technology – Singapore. This is a key market with a highly developed understanding of the benefits of virtual card technology for corporate travel. It has been estimated that more than half of all corporate travellers in the region already use their mobile devices to manage travel on the move, including destination research and booking management.
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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.
