SINGAPORE 8 JULY: eNett International, a leading provider of dedicated B2B travel payment solutions, has added Polish Zloty to its currency offering enabling Polish and international agents to take advantage of streamlined and low cost supplier payments in PLN through Virtual Account Numbers (VANs).
In response to customer demand, local and international agents of all sizes can now use VANs to pay Polish suppliers quickly and hassle free. It also means that out of the 30 currencies available to eNett’s customers, 16 provide for local funding and settlement, supporting growth in new markets and saving costs.
One company already taking advantage of Zloty local settlement with VANs is leading hotel booking agency, iAlbatros. “VANs with pre-set limits are a great business enabler for us, as it ensures hotels will only charge the total amount agreed during reservation. This means any extras aren’t paid for by the client, protecting them from unauthorised transactions. In addition, single-use VANs make reconciliation extremely easy and straightforward,” said Przemyslaw Soroka, Vice-President of the Management Board and CFO. “With the advent of local settlement in PLN, we will be able to cover another growing market with the solution, bringing further business benefits for us, and extending our partnership with eNett.”
A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs minimise the risk of fraud and maximise protection against supplier default. Agents can also earn a rebate1, and benefit from automated reconciliation delivering significant efficiency gains.
eNett Managing Director and CEO, Anthony Hynes, said, “Poland had over 16 million visitors in 20142 and its tourist industry is going from strength to strength. With increasing volumes, our customers wanted a cost-effective solution for managing international and domestic supplier payments in Poland, which is why we have added Zloty to our VAN currency offering.”
“Having one of the broadest local settlement capabilities in the industry, is testament to our commitment to lowering the cost of international payments.”
1. Terms and conditions apply.
2. Ministry of Sport and Tourism in Poland.
iAlbatros provides hotel booking services for the business client. The formula of the company’s operations is based on a dedicated IT system. The Company’s differentiator is that it provides effective tools to its customers that allow them to save on hotel booking expenses – such tools as virtual one-time use debit cards with limits being a direct reflection of booking values in the iAlbatros system, or full matching of hotel lists and hotel packages available in the system (accommodation only, bed and breakfast, additional hotel services) and pricing limits to internal business travel policies of its customers.
About eNett International
eNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.
We pioneer innovative B2B payment solutions that reduce risk and facilitate even more travel content, at a lower cost. Easily integrated into existing travel booking workflows, our payment solutions deliver financial, data and efficiency rewards for travel agents and industry suppliers.
Our secure Virtual Account Numbers (VANs) enable travel agencies of all sizes to automatically generate a unique MasterCard number and pay their suppliers from directly within their booking flow. And our exclusive, long-term partnership with MasterCard provides access to the world’s fastest payments processing network and 35.9 million payment locations worldwide, wherever a supplier accepts MasterCard online.
We are majority owned by Travelport, which is listed on the New York Stock Exchange, and our VANs are seamlessly integrated into its Travel Commerce Platform.
Further strengthened by our global banking services partner and shareholder Optal, eNett is building a reputation for trusted and practical B2B payment solutions for the travel industry and beyond.