VANs Pave the way for Travel Start-Ups With Modest Budgets

October 2, 2014

Singapore, 2 Oct 2014: Mobile travel agency start-up, HotelQuickly, likens access to eNett Virtual Account Numbers (VANs) to that of a gift to start-ups building their businesses.

HotelQuickly Co-Founder and CFO, Mario Peng, said that when HotelQuickly launched in March 2013, each hotel it signed up asked for a deposit of about US$5000.
Imagine having to deposit US$750,000 for just 150 hotels. It was not something we could afford at that time, he said.
Now, more than one year down the track, we know we could not have grown as quickly as we have, or built the trust hotels have in us now, without VANs.
eNett International a joint venture between Travelport and PSP International offers an innovative payment solution called Virtual Account Numbers (VANs) to make supplier payments safer and faster. Operating on a prepaid model where unique MasterCard numbers are generated for each booking, VANs free up agencies from having to pay significant collateral to start accounts with suppliers such as hotels.
Mr Peng explained that their funds were better used to pre-fund VANs rather than sit idle as deposits in hundreds of hotel accounts.
And besides enjoying the benefit of greater cash flow, Mr Peng said that automated payment and reconciliation helped save costs from large staffing allocations otherwise needed to take care of hotel payments each month.
With VANs automatically matching each booking with payment, the administrative burden is reduced. We even save on foreign exchange by paying the hotel in their local currency because VANs can be settled in 15 local currencies.
eNett Managing Director and CEO, Anthony Hynes said:  When we launched VANs three years ago, our goal was to redefine travel payments for the entire travel industry, allowing companies of all sizes to access innovative and integrated payments technology to improve overall business performance.
HotelQuickly’s success is a testament to our commitment, helping travel companies perform better by managing their costs and streamlining their business practices.î
VANs offer less risk and more reward for agencies and suppliers of all sizes.
Learn more about eNett VANs at
About eNett International
eNett International is a global provider of payment solutions tailored to the travel industry.  Majority owned by Travelport a travel commerce platform providing distribution, technology, payment and other solutions and PSP International, eNett uniquely connects the travel industry with payments expertise to offer an innovative payments platform that reduces risk, improves reconciliation and delivers financial, data and efficiency rewards.
eNett's core offering is a Virtual Account Number (VAN) payment solution that automatically generates unique MasterCard numbers used to facilitate global payments between travel agencies and travel providers. Its exclusive, long-term partnership with MasterCard provides access to the world’s fastest payments processing network and more than 35.9 million locations worldwide.

More Press Releases

05 December 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

Read more

13 August 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.

Read more

23 July 2018


Taking home two gongs at the 2018 Global Business Excellence Awards in the ‘Outstanding Executive’ and ‘Outstanding Customer Service Initiative’ categories.

Read more

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.

Read more

11 April 2018

Chargeback enhancements

Chargebacks made even faster and easier with our new enhancements.

Read more

27 March 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.

Read more

08 March 2018

Making raising chargebacks faster and easier

We're constantly reviewing our processes and making they easier, faster and safer for our customers

Read more

21 February 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.

Read more

13 February 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.

Read more

03 January 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.

Read more

20 November 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.

Read more

31 October 2017

A look back at ITB Asia 2017

eNett had its biggest ever presence at ITB Asia. Here are the highlights in pictures.

Read more

27 October 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.

Read more

26 October 2017

User Interface upgrades coming soon

We’ve been busy building an updated UI to make visibility of your VANs clearer than ever.

Read more

16 October 2017

New self-help portal coming soon....

We're enhancing the eNett Payments Portal so you can make changes fast and easy

Read more

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,

Read more

Leading travel payments provider takes home Gold for Fastest Growing Company in APAC and Financial Services’ Executive of the Year.

Read more