Singapore, 2 March:
eNett International, a leading provider of dedicated B2B travel payment solutions, will be showing how European travel companies can scale operations to take advantage of growth with Virtual Account Numbers (VANs) at ITB Berlin 2016
The European travel market achieved total travel revenue of €264 billion in 2015, and is projected to increase 7% by 20171. To take advantage of this future growth, travel companies should be looking to automate and de-risk their operations.
eNett’s Managing Director and CEO, Anthony Hynes, said “Traditional supplier payments have put a strain on agency operations because of the manual nature of processing and reconciliation. For agencies looking to expand their customer base and supplier relationships further afield, fraud and supplier default also remain top concerns. Alternative forms of payment, such as eNett VANs, represent an opportunity for agencies to grow, while managing the costs and controlling the risks.”
eNett VANs enable travel agencies to automatically generate unique MasterCard numbers and pay their suppliers from directly within their booking flow. By streamlining payments processing and automating reconciliation, travel companies can redistribute time and resources to focus on new business and expansion. eNett VANs are also available in over 30 currencies, facilitating safe and secure payments to suppliers in 35.9 million payment locations worldwide, wherever a supplier accepts MasterCard online.
“Cross-border expansion can be challenging for both receiving and making payments,” added Hynes. “We want to reassure the industry that with the right tools, sustaining growth at projected levels is achievable. We look forward to speaking about this more, with European agencies at ITB Berlin.”
ITB Berlin 2016 will be taking place at the Berlin Exhibition Ground, 9 -13 March. To learn more about how eNett VANs can help your business grow or to arrange a meeting at the show, contact Tony.Hart@enett.com
1. Phocuswright European Online Travel Overview Eleventh Edition.
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.