Looking to improve payments in the Middle East travel sector, Qashio, the spend management solutions provider has partnered with Visa, the digital payments organisation, to launch the Visa Commercial Choice Travel Programme.
Travel companies in the region will now be able to obtain Qashio cards and transact in different currencies including AED, SAR, USD, EUR and GBP issued from UAE enabling payments and settlements in multiple currencies. In the coming years, Visa and Qashio aim to work to together by allocating over AED 100 million to the programme.
Armin Moradi, CEO and co-founder of Qashio
Armin Moradi, CEO and co-founder of Qashio said: “We recognise that the travel and tourism industry is key in the region however the travel companies are underserved with strong technical payment solutions that work in their favour. We are creating a one-stop platform that simplifies the corporate travel experience for our clients, allowing them to focus on what truly matters – growing their businesses.”
Using the Visa Commercial Choice Travel program, Qashio Corporate Travel offers aims to streamline operational complexities, reduce expenses, and support companies of all sizes to manage their travel payments.
Automating travel payments
Qashio and Visa’s specialised solution will enable travel companies to digitise and automate their payments within the travel sector, optimising their reconciliation and enhancing liquidity. The solution is seamlessly integrated with global travel management companies and their booking tools including Global Distribution Systems (GDS), making travel booking and payments seamless and secure.
Leveraging Visa’s secure payment infrastructure, this partnership ensures high standards of protection for all B2B travel-related transactions.
Salima Gutieva, VP and country manager for UAE, Visa
Beyond payment security and control, Qashio’s Visa Commercial Choice Travel solution will provide real-time data insights and analytics to make cashflow tracking and budgeting more precise. Companies will gain full control and visibility over payments using a customised Qashio card. Additionally, Qashio’s direct-to-ERP integrations will enable travel companies to reconcile their booking transactions efficiently, reducing costs and maximising revenue.
Salima Gutieva, Visa’s VP and country manager for UAE added: “Travel and tourism are key sectors driving growth and diversification of UAE and the region’s economies. Visa is delighted to partner with Qashio in bringing this innovative solution that leverages Visa’s technology, extensive network, and data analytics. This partnership reflects our commitment to providing secure and seamless payment solutions that enable the digital transformation and improve efficiencies of travel and tourism companies.”
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