Checkout.com and Mastercard Partner to Bring Virtual Cards to Online Travel Agents – Fintech Schweiz Digital Finance News


Checkout.com and Mastercard Partner to Bring Virtual Cards to Online Travel Agents



by Fintechnews Switzerland

May 7, 2024

Checkout.com, a leading global digital payments provider, has announced a partnership with Mastercard to bring virtual cards to Online Travel Agents.

As part of the Mastercard Wholesale Program, which reduces costs for travel businesses through virtual card technology and an innovative pricing model, customers of Checkout.com will be able to pay their suppliers more easily and benefit from higher conversion rates by issuing virtual cards.

George Simon

George Simon

“Mastercard remains committed to powering the travel economy with digital payment solutions that provide greater flexibility, visibility, and protection. Over 400,000 travel providers worldwide already rely on us to enable payments through the Mastercard Wholesale Program, and we’re thrilled to be collaborating with Checkout.com to support their customers to embrace the next generation of payment solutions for B2B travel,”

said George Simon, EVP, Market Development, Mastercard Europe.

Meron Colbeci

Meron Colbeci

‍“We’re delighted to partner with Mastercard to complement our virtual card issuing solution, enabling Online Travel Agents to unlock new revenue streams and deliver a connected customer experience. Together we’ll offer higher payment performance to travel merchants by combining the Mastercard Wholesale Program with our single integration connecting acquired sales to issued cards, which unifies acquiring and issuing, for better cash flow management”,

said Meron Colbeci, Chief Product Officer at Checkout.com.

 

 

This article first appeared on fintechnews.ae

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