Flying with Fintech: How Virtual Cards Create an Air Travel Payments Revolution - TravelMole


Flying with Fintech: How Virtual Cards Create an Air Travel Payments Revolution

Tuesday, Sep 26, 2023 0

 

Moden air travel is a marvel of coordination.

 

An international dance of crew, machinery, logistics, and infrastructure combine to help humans defy gravity. So why have the industry’s payment systems remained so stubbornly earthbound?

 

The air travel ecosystem requires managing complex payment flows involving many different parties, including travelers, tourism suppliers, and third-party vendors worldwide. Existing processes often lead to high operational costs, errors, and cash flow issues — many of which fall on online travel agencies (OTAs).

 

OTAs face the fundamental problem of providing services on a global scale that require locally-tailored compliance and integration to ensure acceptance and manage overhead. However, they also bear a disproportionate amount of the risk.

 

Fintech will transform the way money moves through the air travel ecosystem. Virtual cards give OTAs more control, transparency, and insight into payment processes, reducing unnecessary fees, and maximizing acceptance rates to deliver a consistent, efficient customer experience.

 

This definitive ebook from Nium takes a deep and timely examination of global OTA payments and virtual card strategies agencies can employ to minimize their risk exposure.

 

You will learn:

 

  • How payments shape success in the OTA ecosystem
  • The regional trends driving change and performance for OTAs
  • Why new payment systems can drive competitive advantage

 

Download the Nium ebook here: How Virtual Cards Create an Air Travel Payments Revolution (nium.com)



Learn more about Nium


Most Read

Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh

Peebles Barbeque: A Legacy of Flavor and Tradition

Exploring Bok Tower Gardens with Erica Smith

Brooklands Museum: A Hub of British Motoring and Aviation History

Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes

Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty

Walt Leger on New Orleans’ Resilience and Major Events Ahead

Cindy Mackin Shares Estes Park’s Winter Thrills

Mark Jaronski of Explore Georgia on FIFA World Cup 2026

Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange

North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari