A leader in online travel booking and expense management for business, announced a new partnership with Conferma, the leader of virtual card services, that will give users of Serko Online the option to pay for business travel using Virtual Cards.
Virtual Cards have grown in popularity as they are more secure than physical cards, allow corporates to control the amount that travellers can spend and make it much easier for corporates and Travel Management Companies (TMCs) to manage and report on their travel programmes.
Darrin Grafton, CEO, Serko, said ‘We’ve seen the demand for Virtual Cards grow recently as TMCs and corporates look for more efficient ways of controlling spend and managing travel programmes. Our Serko Online integration with Conferma will allow customers to use Virtual Card products from all of the major card programmes when booking travel on Serko Online, ensuring that Serko maintains its position as an innovative platform for travel management.’
Simon Barker, CEO of Conferma said: “Serko is Australasia’s leading online travel booking and expense management company and we’re pleased to be able to offer Serko’s customers access to virtual payment capability through our platform. We expect Virtual Cards to overtake physical cards as the primary form of payment for travel in the next 3 years. Integration with Serko is key to getting mass adoption.”
Serko is actively working with the virtual card providers to bring their virtual payment solutions to market in the next few weeks. Corporates should contact their Travel Management Company for more information.
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Global Banking & Finance Review
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.
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.
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