The Pacific Asia Travel Association (PATA) announced a new preferred partnership with Flywire, a global payments enablement and software company with significant experience in the travel industry.
“Flywire’s travel payment platform is proven to solve vertical-specific payment and receivables problems for organizations that deliver high-value services,” said PATA CEO Liz Ortiguera.
“Our partnership with Flywire can assist our members in enhancing their international payment processes.”
Flywire brings industry-leading expertise to the PATA community to solve today’s complex travel payments and reconciliation challenges. Their focus travel segments include Destination Management Companies (DMCs), Travel Operators as well as Accommodation Providers. Some benefits of Flywire for those in the travel industry include:
- Providing options for guests to pay in their local currency, with competitive exchange rates and various payment methods, because of Flywire’s proprietary global payments network.
- Receiving timely payments in full, with processing automated by Flywire’s platform to eliminate short-balance payments.
- Digitized invoicing, automated payment tracking and reconciliation.
- Low payment fees, often leading to significant cost savings.
“Payment experience actually impacts a customer’s choice of travel agent or tour operator, and it’s not hard to understand why. Nearly half of travelers have experienced problems travelling because of payment issues,” said Colin Smyth, VP and GM of Travel at Flywire.
“Collecting and processing payments in multiple currencies and payment types is quickly becoming an integral part of your guest experience.”
Flywire can be used as a standalone product, and also integrates seamlessly with existing booking systems providing a one-stop shop for payment through receipt to reconciliation. The combination of a proprietary payment network built over 10 years, robust platform, and industry-specific functionality purpose-built for travel sets Flywire apart. Hundreds of travel clients globally rely on Flywire to handle complex payment processing and ease invoicing and reconciliation.
