Press Releases
Press Release.
15 Dec 2020
WEX Completes Acquisition of eNett and Optal
PORTLAND, Maine – December 15, 2020 -- WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced the completion of its previously announced agreement to acquire eNett, a leading provider of B2B payments solutions, and Optal, a company that specializes in optimizing B2B transactions. WEX paid total consideration of approximately $577.5 million, funded from cash on hand. Though visibility remains limited due to COVID-19, WEX expects the impact of the acquisition on adjusted net income will be immaterial through calendar year 2021.
13 Oct 2020
eNett and Optal Respond to Court Decision on Certain Preliminary Issues
London, October 12, 2020: eNett International (Jersey) Limited and Optal Limited issued the following statement today in response to the ruling of the Commercial Court, Queen’s Bench Division of the High Court of Justice of England and Wales on certain preliminary issues relating to the complaint filed against WEX by shareholders of eNett and Optal.
07 May 2020
eNett, Travelport and Optal Respond to WEX’s Attempt to Walk Away from its Binding Agreement
May 7, 2020 – LONDON and LANGLEY, England – eNett International (Jersey) Limited, Travelport Limited and Optal Limited issued the following statement today responding to WEX’s statement that eNett and Optal have suffered a Material Adverse Effect in their businesses due to the COVID-19 pandemic. eNett, Travelport and Optal reject WEX’s attempt to walk away from its binding agreement.
24 Jan 2020
eNett International Signs Definitive Agreement to be Acquired by WEX
eNett International, a leading provider of integrated B2B payment solutions for the travel industry, has entered into a definitive agreement to be acquired by WEX Inc. (NYSE: WEX), a leading financial technology service provider.
22 Jan 2020
Airline Acceptance of Virtual Cards
Last year, eNett continued its drive to raise awareness of the numerous benefits that airlines can gain from accepting eNett Virtual Account Numbers (VANs). Read more about how eNett has made progress in this area.
20 Nov 2019
eNett International hits its fundraising target
Payment provider’s CSR programme, Repay the eNett way, hits fundraising target.
04 Nov 2019
eNett International wins at the 2019 AAGE Graduate Recruitment Industry Awards
Winners of the Best Internship Program
20 Aug 2019
eNett scores a hat-trick at the 2019 Stevie Awards.
eNett International continues winning streak taking home a Gold for Entrepreneur of the Year and two bronze awards
05 Apr 2019
eNett kicks off 2019 with two wins at the Global Business Excellence Awards.
eNett named Fastest Growing Company, while CEO takes home award for Outstanding Entrepreneur of the year.
03 Apr 2019
eNett brings ‘Repay the eNett Way’ home for 2019
Addressing a global issue that impacts thousands of people in large cities, eNett will be partnering with homelessness charities Youth Projects in Melbourne and Shelter from the Storm in London, to help those who, through circumstances beyond their control, find themselves without a home.
25 Jan 2019
2018 sees another award-winning year for eNett.
eNett recognised with an impressive list of industry awards celebrating the company’s leadership, customer-centricity and innovation in the travel industry
05 Dec 2018
eNett crowned winner at 2018 World Travel Awards
Company’s growth and dedication to driving innovation in B2B travel payments sees it named as the World’s Leading B2B Travel Payments Provider
13 Aug 2018
A double win for eNett at the 2018 Stevie Awards
Leading travel payments provider takes home Gold for Fastest Growing Company in APAC and Financial Services’ Executive of the Year.
23 Jul 2018
ENETT CELEBRATES TWO WINS AT 2018 GLOBAL BUSINESS EXCELLENCE AWARDS
Taking home two gongs at the 2018 Global Business Excellence Awards in the ‘Outstanding Executive’ and ‘Outstanding Customer Service Initiative’ categories.
28 May 2018
eNett Extends Currency Suite by Eighteen
eNett has just made international payments easier with the addition of eighteen new non-local settlement (NLS) currencies. This brings the comprehensive currency suite to 58, 20 of which offer local settlement.
11 Apr 2018
Chargeback enhancements
Chargebacks made even faster and easier with our new enhancements.
27 Mar 2018
eNett selects Nepal as the next beneficiary of ‘Repay the eNett Way’ 2018
Nepal announced as the next beneficiary of ‘Repay the eNett Way’ 2018. ‘Repay the eNett Way’ aims to improve the education and career opportunities for underprivileged communities in high tourism growth countries.
08 Mar 2018
Making raising chargebacks faster and easier
We're constantly reviewing our processes and making they easier, faster and safer for our customers
21 Feb 2018
Fraud costs travel intermediaries a whopping US$21 billion
We commissioned a new global study into fraud in travel payments. It showed travel companies are being highly targeted by fraud, with the total impact of fraud currently costing travel intermediaries nearly US$21B. The research predicts this could exceed US$25B by 2020.
13 Feb 2018
eNett International wins Best Digital Payments Programme at the Card & Payments Awards 2018
eNett Virtual Account Numbers scooped Best Alternative or Digital Payments Programme at the prestigious Card & Payments Awards 2018.
03 Jan 2018
Record-breaking year for eNett award wins
eNett International, a leading provider of B2B payment solutions for the travel industry, took home eight awards in 2017. These included four International Business Awards, two Global Business Excellence Awards, an International CSR Excellence Award and a TravelMole Award.
20 Nov 2017
eNett exceeds its fundraising target for Mellon Educate’s ‘Building Blitz’
eNett International, a leading provider of dedicated B2B payment solutions, exceeds its fundraising target for Mellon Educate’s ‘Building Blitz’ in South Africa. This is part of its “Repay the eNett Way” annual CSR initiative.
31 Oct 2017
A look back at ITB Asia 2017
eNett had its biggest ever presence at ITB Asia. Here are the highlights in pictures.
27 Oct 2017
eNett voted Best Travel Payment Solution Provider at Travelmole Awards 2017
eNett International wins Best Travel Payment Solution Provider at the Travelmole Awards for the second year. The TravelMole awards are the main award event for the Asia Pacific travel industry to recognise the best web, social, mobile and travel technology deployments.
26 Oct 2017
User Interface upgrades coming soon
We’ve been busy building an updated UI to make visibility of your VANs clearer than ever.
16 Oct 2017
New self-help portal coming soon....
We're enhancing the eNett Payments Portal so you can make changes fast and easy
A win for eNett at the 2018 TTG Travel Awards
Company’s growth and contribution to travel industry sees it take home the Travel Technology Company of the Year Award,
Latest Blog Posts
Blog Post.
17 Dec 2020
Wrapping up Repay the eNett Way for 2020.
We’re pleased to announce that we’re signing-off on another great year of fundraising for our annual CSR programme, Repay the eNett Way. View this article to see what we achieved in 2020.
03 Dec 2020
Why it’s critical that agents and airlines partner to evolve B2B travel payments for air.
We’re seeing more innovation in B2B payments. It’s a key reason why it’s now just as important for both Airlines and Agents to have a B2B payments strategy, than it is a B2C one. To ensure a sustainable model, and one that benefits all parties in the entire travel value chain, it requires agents and airlines to work closer than ever before. Our 'Airline Partnerships Team' explore this further in our new blog series. Here is part Two:
29 Oct 2020
AGENTS AND AIRLINES: THE TIME TO DEVELOP A B2B TRAVEL PAYMENTS STRATEGY IS NOW.
We’re seeing more innovation in B2B payments. It’s a key reason why it’s now just as important for both Airlines and Agents to have a B2B payments strategy, than it is a B2C one. To ensure a sustainable model, and one that benefits all parties in the entire travel value chain, it requires agents and airlines to work closer than ever before. Our 'Airline Partnerships Team' explore this further in our new blog series:
28 Oct 2020
Meet #teameNett. Five Minutes with Nick Tsimiklis - Chargebacks Manager
This year, Chargebacks have been key topic for the travel industry. Get to know more about Nick and how his Chargebacks Team have been supporting customers during these unprecedented times in our latest Q&A blog, here:
30 Sep 2020
Customer Experience in the Year 2020.
How has your business' CX approach adapted during 2020?
This year, as the travel industry navigates undoubtedly challenging times, having a solid CX approach is crucial. While the key ingredient to achieving great CX hasn't changed in 2020, it has shone through in new ways. Ahead of next week's CX day, eNett’s CEO and Managing Director, Anthony Hynes, explores this further while reflecting on how we've adapted our CX approach to help our business stay strong.
28 Aug 2020
Introducing eNett's Airline Partnerships Team | Meet #teameNett | B2B Air Travel Payments
We’d like you to meet our Airline Partnerships Team; established in 2018 to support eNett’s focus on helping airlines and travel agencies who sell air volume. We’d like you to get to know them and how they know what they know. And why we think they’re the best in the business when it comes to working with agents and airlines to align their B2B payment strategies.
28 Aug 2020
Is the travel industry missing a trick by letting B2B payments fall through the cracks?
Yes. We believe so. In his latest blog, eNett’s CEO and Managing Director, Anthony Hynes, discusses a missed opportunity when it comes to travel suppliers thinking about B2B travel payments. Specifically, that agents and airlines should be aligning their B2B payment strategies to support the focus on retailing and the necessity to adapt to the “merchant model”.
27 Aug 2020
Meet #teameNett. Five Minutes with Mike Morley - Senior Director Strategic Accounts EMEA
In third edition of our Q&A blog series, Mike Morley, eNett's Strategic Account Director for EMEA shares about his role, personal experiences and learnings from supporting customers during these recent unprecedented times. Read it here:
06 Aug 2020
Employees at eNett International host a virtual Hack Day.
Our team were so passionate about their annual Hack Day, that they couldn’t fathom putting it in the ‘too-hard-basket’ just because everyone is working from home. And therefore, incredibly, pulled out all stops to deliver the event virtually. And succeeded.
A huge amount of effort goes into organising a Hack Day under normal circumstances. And there are many considerations for planners; from how to engage staff to come up with innovative hack ideas, to planning a marketplace for the hackers to demonstrate them all and gain ‘buy-in’ from the rest of the company.
So, how’d they do it?
30 Jul 2020
Meet #teameNett. Five Minutes with Carly Miers - Global Head of Customer Support
We’ve launched a Q&A blog series to shine a spotlight on some of our awesome people at #teamenett, where they’ll share more about their role, personal experiences and learnings from supporting customers during these recent unprecedented times. Read the second one here:
30 Jul 2020
11 Incredible Years of eNett – The Lessons I've Learnt
From what started as an idea pitch in the back of a taxi, to growing into a disruptive start-up and eventually becoming a leader in B2B travel payments; eNett's CEO and Managing Director, Anthony Hynes, share some of the most important lessons he's learnt over the past 11 years and some tips which he believes are vital for any company’s success:
30 Jun 2020
Maintaining great customer service – when the going gets tough, the tough get going
When the unexpected happens, there is often a spotlight on companies to live up to their brand values and maintain the same level of experience their customers expect. This is certainly true of the COVID-19 pandemic. It is important that delivering a good customer experience remains a priority for travel businesses. Not only does this benefit end-travellers, it will also pay off in the long term to retain customers for when travel resumes.
So, what can travel organisations do to ensure their customers’ needs remain front and centre during this time? Here are a few thoughts:
30 Jun 2020
Meet #teameNett. Five Minutes with Scott Duane - Senior Director
We’ve launched a Q&A blog series to shine a spotlight on some of our awesome people at #teamenett, where they’ll share more about their role, personal experiences and learnings from supporting customers during these recent unprecedented times. Read the first one here:
21 May 2020
eNett partners with The Care Project Foundation for 2020 ‘Repay the eNett Way’ initiative
eNett International, a leading provider of B2B payments solutions to the travel industry, has chosen to support ethical and sustainable eco-tourism as part of its annual CSR programme ‘Repay the eNett Way’, by working with Thai communities and mahouts (elephant carers) to aid elephant care.
21 May 2020
Our industry’s remarkable response in the face of COVID-19
For all of us tracking the impacts of the pandemic, you’d be well aware that the travel and tourism industry has been significantly impacted. But, while this new landscape we find ourselves in is undoubtedly challenging, our industry is responding creatively, not only from a business perspective but in supporting global communities and relief efforts too.
16 Apr 2020
Helping our customers during this time.
COVID-19 has brought new and immense pressures to our personal and professional lives. It is also testing industries and the organisations operating within them like never before. While we may be working remotely, our team remains united in doing all that we can to support our customers during this time of uncertainty. We are continuously evaluating and enhancing our systems and processes to assist our customers as best we can.
Here are just some of the things we are doing in response to COVID-19 to support our customers:
16 Apr 2020
Keeping company culture and productivity strong while remote working
The ongoing COVID-19 pandemic has triggered a completely unprecedented way of working for many companies across the world – including eNett. With remote working the ‘new normal’ for most of us, it’s important to ensure employees feel empowered to keep operating at the same high level as before. This means they need the right tools on hand to remain productive, whilst maintaining a strong sense of company culture to keep morale and motivation boosted.
So, how can companies achieve this? This blog covers just a few things you could consider:
31 Mar 2020
CELEBRATING IWD PART THREE - HARETA MCMULLIN
For Part Three of our International Women’s Day Blog Series, we spoke with Hareta McMullin, our People Business Manager. Hareta has been with eNett for four years now, starting in a ‘People Coordinator’ role and working her way up by rising to multiple challenges that have been thrown her way. Read more about Hareta’s journey to where she is today and her advice for other women looking to take on a similar path, below.
13 Mar 2020
CELEBRATING IWD PART TWO - LIVIA VITE
With PwC reporting that only 5% of leadership positions in the technology sector are held by women, we have launched a Q&A blog series to shine a spotlight on some of the amazing women we have in our leadership team and how they got to where they are. Here is part two.
12 Mar 2020
Why the Merchant Model with eNett VANs benefits all
I recently attended the 2020 Airline & Travel B2B Payments Summit Special in London and participated in a panel discussion on simplifying B2B Payments. It was great to catch up with industry peers and share my thoughts on the growing shift towards large travel agents adopting the merchant model. There are so many benefits from using this model – not just for travel agents but everyone in the travel value chain, including airlines and the end traveller.
08 Mar 2020
Celebrating IWD: “Female mentors and role models can be so powerful”
At eNett, we’re passionate about supporting women and creating an inclusive workplace; particularly striving to grow women’s presence and recognition in the sector we operate in that’s not necessarily known for its diversity: tech, more specifically, FinTech. That’s why, this IWD, we’re launching a Q&A blog series to shine a spotlight on some of the amazing women we have in our leadership team, where they’ll share their experiences and learnings within their fintech career. Read the first one here:
04 Feb 2020
2020: What should you have on your business agenda?
2019 was an action-packed year for the travel industry. So, reflecting on the past year, what should travel companies be considering in 2020?
19 Dec 2019
Putting payments first in the online experiences market
The online travel experiences market is growing rapidly. While offline sales still dominate the industry, intermediated transactions online have seen continued growth over the last five years, becoming a USD14.8bn-strong sector. With online sales set to continue to thrive in the coming years, the race is on for OTAs to get a piece of the action and make their mark within the market. But to be successful in bringing travel experience bookings online, intermediaries need to make sure they’re getting it right when it comes to their B2B payments. Why?
19 Nov 2019
The Rewards of Running an Internship Programme
A decade ago, a family connection or friend of a friend may have been a student’s route into work experience. But more and more companies are now launching formal internship programmes that last from a couple of weeks to a year. Internships offer real opportunities for students to get valuable ‘on-the-job’ experience and frequently open the doors to future employment too. They are also a win-win for businesses and something that all companies should consider.
So, what are the potential rewards for organisations?
23 Oct 2019
How can we maintain trust in the travel industry’s use of digital technology?
Innovation is booming in the travel industry, with companies harnessing technologies to do all they can to create the best possible experience for their customers. However, with reports of data breaches, listening smart tech and fraudulent activity, some consumers may be concerned about their privacy.
So, how can travel companies dispel worries, build trust and maintain loyalty with their customers, as technology becomes an increasingly important part of industry innovation?
18 Sep 2019
Take a trip to the travel industry this World Tourism Day.
On 27th September, the travel industry is celebrating the United Nations’ annual World Tourism Day, which raises awareness of the importance of tourism - socially, culturally, politically and economically. This year, the theme is all about “Tourism and Jobs” which is particularly pertinent since travel and tourism is one of the world’s largest economic sectors and the second-fastest growing sector in the world. Anthony Hynes reflects on four tech opportunities for the travel industry, and how travel companies can draw in and retain talent in order to keep up with the competitive landscape.
14 Aug 2019
How are travel brands staying relevant this summer (and beyond)?
The European summer is well under way. During a time when travel bookings are rife – especially in the UK, which has been coined as the ‘year of the last-minute summer’ for getaways – it’s important for travel companies to stand out from the crowd if they want to capitalise on the boost in demand. However, with the travel industry becoming more competitive than ever before, this begs the question: how do you stay relevant?
25 Jun 2019
eNett 10 years on: A decade of redefining payments
Cast your mind back to 2009, the year Spotify and Twitter became mainstream. When the phrase ‘there’s an app for that’ took off, thanks to the explosion of apps on iPhone, Android and even Blackberry. 10 years ago, also marks the point in time when eNett International entered into a joint venture with Travelport and Optal, which has been a key enabler of the growth and success we’ve enjoyed to date, and the start of our decade as a disruptor.
19 Jun 2019
How hotels can solve payment challenges using virtual cards
In our latest “Virtues of VANs for Hotels” report, we outlined the top pain points that hotels are experiencing as a result of payment complexity when using invoices.
14 May 2019
Our key takeaways from Money 2020 Asia
Money2020 is one of the most influential fintech events across the globe, gathering the world’s decision makers to discuss the disruptive technologies taking hold of the market today and in the future. Read our key takeaways from the event.
09 Apr 2019
Protecting your business in the face of rising airline insolvencies.
The increased affordability of air travel is great for travelers, but airlines continue to face mounting pressures. As recently as last week, Iceland’s Wow Air left thousands of passengers stranded after unexpectedly ceasing operations. Read more about why airlines fail.
13 Mar 2019
With the 2019 Rugby World Cup on the horizon, how should travel companies prepare for big ticketed events?
Travel businesses around the world are in the midst of selling travel, accommodation and packages to the 2019 Rugby World Cup. Read what your travel agency can do to leverage prominent events and ensure your team is ready.
14 Feb 2019
Why travel businesses need to be prepared for further PSD2 legislation.
This time last year the travel industry raised concerns around the process of surcharging being banned under the European Payment Services Directive (PSD2). Later this year there’s still more to come from PSD2. Read about how this will impact consumer and B2B payments.
05 Dec 2018
Why travel agents (and airlines!) should jump aboard the VAN wagon
If you work in travel and tourism, you’ll no doubt have heard at least some discussion around the acceptance of payments between airlines and travel agents. Click here to read the view of our CEO Anthony Hynes.
14 Nov 2018
HOW ASIA IS CREATING A BOOMING TRAVEL INDUSTRY
According to the World Travel and Tourism Council, five of the world’s ten fastest growing tourism cities are in Asia, putting the region at the forefront of tourism in the foreseeable future. Compared to major western economies, such as the U.S., U.K. and Germany, where GDP grew at less than 2.5% year-on-year in 2017, the APAC market grew at a much faster pace. China’s GDP, the second largest worldwide, increased by 6.9% in 2017, whilst India, rose by 6.6% during the same period.
26 Sep 2018
Technology and travel – the past, present and future.
Over the past 20 years, technology has played a role in the growth of the tourism and travel industry. This blog explores recent technological advances and how technologies like big data, artificial intelligence and digital platforms can be harnessed to boost growth and improve the customer experience.
03 Sep 2018
Why the travel industry should take a leaf out of Amazon’s book
It’s predicted that Amazon, the $900+ billion tech giant that is revolutionising customer experience , may disrupt the online travel industry next. So what can online travel agents (OTAs) learn from the retail giant to ensure they too do not get left behind?
31 Jul 2018
European summer 2018: experience trends are changing travel industry traditions
European summertime is a notoriously busy period for the travel industry, as travellers all over the continent jump at the chance to book flights to seek out sunnier destinations. In the UK, some airports have claimed that 2018 will be the “busiest summer ever”, expecting millions to pass through their doors between July and September.
25 Jun 2018
Nine milestones since 2009
Yesterday marked nine years since we started the eNett journey back in 2009. From day one, our aim has always been to shake up the industry by helping travel companies take the cost and complexity out of payments. And the proof is in the pudding, as the uptake for Virtual Account Number (VAN) technology has taken eNett from strength to strength.
29 May 2018
Our Vision for GDPR
The European Union General Data Protection Regulation is coming into effect on 25 May 2018. eNett believes personal data, privacy and security are of the utmost importance for all. In line with this, we are in the process of making changes globally.
17 May 2018
How OTAs are navigating the changing landscape of the travel industry
Nowadays, travellers have many options available to them to help choose destinations, compare prices and make reservations independently and easily. Competition in the travel industry is high, and margins are low. It’s clear that online travel agencies (OTAs) can’t do business in the way they used to.
11 Apr 2018
How fraudsters are targeting OTAs
Fake hotels are fast becoming a massive issue for OTAs, leaving them out of pocket. And they’re becoming ever more sophisticated and believable too. What can OTAs do to protect themselves from this growing threat?
22 Feb 2018
Costing US$21B a year - it pays to know about fraud in travel payments
In 2017 the impact of fraud is estimated to have cost travel intermediaries US$21B. By 2020 the impact of fraud is expected to cost US$25B, driven by both a migration from offline to online, and an expected uptick in the rate of fraud. Understanding fraud and its true impact and cost to travel businesses is the first step to combating it.
07 Feb 2018
Future-proofing your business for 2018
Anthony Hynes gives his top four considerations travel companies should be thinking about to get ahead in 2018.
12 Dec 2017
A Year in Review for Travel
2017 is shaping up to be a record-breaking year for the travel industry. eNett MD and CEO, Anthony Hynes, recaps of some of the highs and lows over the past year, and ways travel companies can continue the growth trajectory in 2018
16 Nov 2017
Tackling Fraud in the Travel Industry
As part of International Fraud Awareness Week, eNett MD and CEO, Anthony Hynes gives his view on how travel agencies can tackle increasing levels of fraud in the travel industry.
30 Oct 2017
Key to tapping Asian travel market is payments
As part of International Fraud Awareness Week, eNett MD and CEO, Anthony Hynes gives his view on how travel agencies can tackle increasing levels of fraud in the travel industry.
27 Sep 2017
We’re backing World Tourism Day’s drive for sustainable tourism
Travel and tourism grow every year. Many underprivileged communities across the globe are being displaced - especially those in high-growth travel destinations. 'Repay the eNett Way' is our hands-on approach to make a difference in these communities.
29 Aug 2017
Great employee experience = great customer experience
A unique value proposition is one thing, the second step you take when launching a business is just as important.
01 Aug 2017
How Virtual Account Numbers Simplify B2B Travel Payments
Travel agencies are wasting time and money - it doesn't need to be this way. There is a solution today, it's faster, easier and safer than many other traditional methods too!
22 Jun 2017
Eight Entrepreneurial Essentials
From a tiny no-frills office near Heathrow airport, to offices in Asia, Australia, Europe and America just eight years later - what a journey!
