Saber partners with Revolut to bring virtual payments to the travel industry

Written by Delisha Fernandez

Software and technology provider Saber Corporation and FinTech company Revolut have announced the results of a partnership to power travel agencies' B2B payment processes.

Revolut's virtual cards are now generated within the Saber Virtual Payments platform, giving customers more flexibility and security to quickly pay airlines, hotels and other travel providers. Now, travel agents can enjoy more streamlined and agile operations, personalization, and speed to market using Saber Virtual Payments.

“Providing the virtual payment solutions that our travel agents value and need is a strategic focus area and has always been a top priority for us, and this partnership does just that. We are very proud of the great collaboration between our Saber Virtual Payments team and Revolut, especially when it comes to implementation time, to support our customers' operational efficiency and cross-border B2B payments needs. ” Celia Pereiro, Saber Managing Director of Payments.

This partnership helps solve pain points for Saber-connected agents using Saber Virtual Payments:

• The rapid onboarding process has been reduced from months to days, allowing customers to start transacting with and paying suppliers quickly and efficiently.
• Seamlessly integrate flexible and secure virtual card technology into your existing workflows.
• Access to a comprehensive commercial card product suite that improves payment approval rates.
• Preferred rates when converting one country's currency to another, and real-time insights with streamlined foreign exchange (FX) management, providing unparalleled transparency and visibility across international payments. Easier to make informed decisions.
• Enabling travel agents to provide a better experience for travel agents so they can get paid on time in their preferred currency with negotiated payment acceptance rates Become.

“Revolut is excited to work with our partners at Saber to advance the digitalization of travel. Together, we are streamlining transactions through a suite of virtual cards, real-time foreign exchange, and API-based payment products. This year, we are providing joint services to dozens of companies, and we look forward to delivering even more value to our customers in 2024.” Will Hannan, Global Head of Embedded Finance Sales, Revolut.

Through its innovative platform, Saber Virtual Payments facilitates a single point of integration between travel agents, Revolut and various booking tools. Automate payment reconciliation and provide comprehensive payment data reporting to provide secure, fully integrated end-to-end payment services.