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Worldpay is introducing virtual cards to improve payment efficiency for travel service providers by agencies in Europe and the U.K.
Worldpay, a payment technology provider, has announced the introduction of virtual payment cards for travel agencies as part of the Mastercard Wholesale Program (MWP). This innovative solution is designed to enhance the efficiency and security of payments to travel service providers.
This initiative is aimed at travel agencies that directly sell travel bookings to end consumers in the United Kingdom and Europe. The virtual cards will offer transparency and flexibility for B2B payments. Furthermore, the Mastercard Wholesale Program facilitates scalable and seamless cross-border B2B payments, enhancing cash flow and minimizing credit risk requirements.
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Nabil Manji, Head of FinTech Growth & Financial Partnerships at Worldpay, mentioned in the press release that the company processed transactions exceeding $100 billion for the travel sector in 2023, equipping it with the knowledge and practical experience to address the distinct payment requirements of this industry.
Chiara Quaia, Senior Vice President for Market Development Travel at Mastercard, also emphasized that utilizing the Mastercard Wholesale Program will provide industry participants with a versatile solution for B2B payments that can be readily tailored to specific products and market demands.
Recently, TON holders were offered the chance to purchase airline tickets, reserve hotel accommodations, and pay for tours, excursions, and other travel-related activities in over 230 countries. Max Krupyshev, CEO of CryptoProcessing.com, highlighted in the Purpose Driven FinTech podcast the advantages of using cryptocurrency for cross-border payments, especially within the travel sector.
Сообщение Worldpay Launches Virtual Mastercard Payment Cards for Travel Agencies появились сначала на CoinsPaid Media.
