Ingenico will be launching TravelHub, a solution built to connect travel companies with the brand’s global end-to-end payment processing capabilities and regional gateways across Asia, Latin America and Europe to increase their online revenue.
In South-east Asia alone, online travel businesses reached US$30 billion in gross booking value in 2018 and is headed towards US$78 billion by 2025. These businesses in Asia are looking to navigate the complex technology ecosystem while growing quickly in a very competitive space. Therefore, access to new markets and payment methods is an essential part to growth and international expansion.
TravelHub allows travel companies to easily access more than 150 payment methods – including credit cards and alternative payment solutions – and currency options relevant for their customers. It also offers smart transaction routing capabilities across all payment platforms, improving conversion rates and, hence, increasing revenue from online travel sales.
TravelHub offers a simple direct connection to global payment capabilities, as well as integration with the leading airline GDS, such as Amadeus, Sabre and Navitaire, and hotels’ property management systems. This helps travel businesses tackle the complexity of managing multiple systems, payment service providers and acquirers.
Eric Liebman, global head of travel at Ingenico ePayments, said: “Online travel businesses are looking to navigate the complex technology ecosystem while growing quickly in a very competitive space. TravelHub helps travel companies provide the best digital customer experience, offering payment methods and currencies travellers want to pay with.”
Looking forward, Ingenico says it will make ongoing developments to add new travel technology connections and improve direct connections, making it easier for travel businesses to access new markets.