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Emirates launching industry first new payment solution
Emirates is launching a new payment solution for flight bookings called Emirates Pay.
It is a new account-based payment method for purchasing air tickets and is now available for Emirates customers in the UK and Germany when they book flights online.
Emirates is the first airline to launch this payment alternative powered by a white-label solution jointly developed by the IATA in partnership with Deutsche Bank.
Michael Doersam, Chief Financial Officer at Emirates said: "We’re pleased to be the first airline to roll out this new account-based solution for our customers. Our aim is to provide our customers with choice, convenience, and the best possible experiences. Customers who don’t have a credit card, and those already using direct payments for other purchases, will welcome the simplicity and security of this method.".
Emirates Pay is based on real time payments and Open Banking / Request-to-Pay schemes.
The airline provides all the necessary account and payment information and passengers approve the payment initiation in a convenient way via their online or mobile banking.
It offers a cost-competitive payment alternative for airlines with faster settlement times and says it reduces payment fraud.
Emirates says it ensures more secure and frictionless payment options, including account-to-account payments.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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