Travelport has entered into a strategic relationship with Australia-based PSP International to form a joint venture company.
The joint venture, in which Travelport holds a majority stake, will be called eNett, A Joint Venture with Travelport.
The two companies have had a “strong commercial relationship†since 2003.
Travelport said the new venture will remove some of the inefficiencies that currently exist in the payment and settlement business.
It said the eNett suite of products will enable automated payments, settlement and reporting between travel agencies and travel product suppliers, supporting debit cards and other increasingly relevant alternative forms of payment which are not well supported today.
It will mean even low-cost carriers, who want to sell through the travel trade, will be able to offer tailored credit and settlement terms.
eNett is also working on solutions for corporate travel such as automated hotel bill back generation.
By Bev Fearis
