Travel Payments Find Path to Painless

Global payments technology and rules are changing swiftly, led by seamless innovations in Asia that are making life easier for consumers. Travel companies of all sizes are finally taking action in order to stay competitive.

“The idea that I have one credit card or corporate card and pay a lot of travel things with it, well, that system has had its day,” said Simon Barker, CEO of payments technology vendor Conferma Pay. “The travel industry must move to virtual cards, where a business traveler buys each thing with a separate virtual number.” 

Virtual cards lend themselves much more readily to strong authentication. Happily, adapting to the world of digital payments brings a bonus: It also makes it much easier to work with next-generation mobile wallets, such as India’s Paytm and China’s WeChat Pay. Travel brands need to offer the widest array of payment options to buyers to maximize their revenue. Otherwise some travelers may abandon their bookings rather than complete them because their preferred payment method isn’t available.

To view the full report, 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.

Recent Posts

#MissionCashless

#MissionCashless is a travel show-and-tell vlogomentary series following Aurelie Krau, as she travels, revealing the cashless readiness of the world`s most popular business destinations. No cash allowed. Devices and a mobile wallet only. See how it works.

Play Video