The partnership will enable travel agents to conveniently manage international B2B payments.
Improve operational efficiency and security, automate reconciliation and data tracking
Southlake, Texas – Saber Co., Ltd.a leading software and technology provider that powers the global travel industry, and Revolutea global fintech banking services company, today announced the results of a partnership to facilitate B2B payment processes for travel agencies.
The two technology companies were able to onboard more than 40 customers in less than a year, and together they are changing the financial landscape for travel agencies. Revolut's virtual cards are now generated within the Saber Virtual Payments platform, allowing customers to easily pay airlines, hotels and other travel providers with added flexibility and security. Ta. Now, travel agents using Saber Virtual Payments will enjoy more streamlined and agile operations, personalization, and speed to market.
“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. I am very pleased with the great working relationship between our Saber Virtual Payments team and Revolut in terms of operational efficiency and meeting the cross-border B2B payment needs of our customers, especially in terms of implementation time. I’m proud of it.” Said Celia PereiroManaging Director of Payments at Saber.
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 the travel sector. Together, we are streamlining transactions through a suite of virtual cards, real-time foreign languages.
Exchange and API-based payment products. We are jointly serving dozens of companies this year and look forward to delivering even more value to our customers in 2024. ” Said Will HannanGlobal Head of Embedded Finance Sales at Revolut.
According to Future Market Insights, the virtual card market is expected to reach a value of USD 1.3 trillion by 2032, with a projected growth of 12.2% between 2022 and 2032.
This growth includes increased adoption of API virtual card issuance platforms, demand for secure and convenient payment solutions, and growing adoption of smartphones and email.
commerce.
Through its innovative platform, Saber Virtual Payments facilitates a single point of integration between travel agents, Revolut and various booking tools.automates payments
We coordinate and provide comprehensive payment data reporting to provide secure, fully integrated, end-to-end payment services.
Vicky is the co-founder of the TravelDailyNews Media Network. Editor-in-chief. She is also responsible for day-to-day operations and financial policy. She holds a Bachelor's degree in Tourism Business Management from the Athens University of Technology and a Master of Business Administration (MBA) from the University of Wales.
She has many years of experience in the travel industry, both academic and industry. She has written/edited numerous articles in various tourism magazines.
