There are a lot of stakeholders in the travel and transport value chain including agents, travel and accommodation providers, and global distribution systems. Payment innovations require close cooperation between them.
New entrants are arriving with payment orchestration solutions and alternative payment methods, such as digital wallets.
Many airlines plan to become retailers, packaging airline seats with hotels and other services. Embedded finance will increasingly be used to offer financial products within the customer journey, but regulatory compliance will present a challenge.
Travel and transport companies are increasingly putting the customer at the heart of their payment strategies. As they innovate, they will need to modernise both their business models and their legacy technology. Renegotiating contracts with payment providers will be vital.
We have been helping companies in the travel and transport sector to define their payment strategies since 2002.
We start by understanding your current payments processes and then identify potential to optimise payments. Often, we can help you cut costs while protecting and diversifying revenue streams. Our experts work cooperatively, sharing their knowledge and best practices from around the world, and across many business sectors.
We also help with payment partner selection, by developing, managing, and evaluating requests for information (RFIs) and requests for proposals (RFPs). All the time, we keep in mind the importance of a smooth implementation process.
How can EDC support your goals in Travel & Transport payments?