Visa has teamed up with Qashio, a leading spend management solutions provider, to launch an innovative B2B travel payments solution. This partnership aims to simplify travel payments for companies across the UAE, MENA, Europe, and the UK, with a robust investment of over AED 100 million for expansion in the coming years.
A Game-Changer for the Travel Industry
The new Visa Commercial Choice Travel program utilizes Visa’s extensive payment infrastructure, enabling travel companies to access Qashio cards for seamless transactions in multiple currencies including AED, SAR, USD, EUR, and GBP. With the solution fully integrated with global distribution systems (GDS) and travel management tools, travel companies can now enjoy secure bookings and payments, all within a unified platform.
Enhanced Financial Management
The collaboration is designed to address the growing need for better financial management in the travel sector. Travel companies will benefit from real-time data insights and analytics, allowing them to track cash flow and improve budgeting accuracy. Additionally, Qashio’s direct-to-ERP integrations make the reconciliation of booking transactions faster and easier.
Empowering Regional Growth
Qashio, which launched in 2022, has been instrumental in providing business finance solutions to the MENA region. CEO Armin Moradi highlights the importance of offering personalized, technical payment solutions to the often underserved travel industry, ensuring a streamlined, hassle-free experience for clients.
Visa’s UAE VP and country manager, Salima Gutieva, expressed excitement over the partnership, noting that Visa’s technology and data analytics would significantly enhance the efficiency and security of travel payments.
With this partnership, Visa and Qashio are set to redefine the B2B travel payment era, promoting digital transformation and operational excellence in the travel sector.
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