The Pacific Asia Travel Association (PATA) welcomes global technology platform and digital payments company PayPal Holdings, Inc. as its newest industry member.
“As we are moving towards an exponential future at an unprecedented speed, it is important that travel and tourism stakeholders are able to successfully navigate the ever-evolving digital landscape. That is why we are excited to welcome PayPal to the PATA family. As one of the world’s largest digital payment companies, it is important that we are able to add this voice to our discussions in the responsible development of the travel and tourism industry,” said PATA CEO Dr. Mario Hardy. “It is also important for small and medium-sized enterprises in Asia and the Pacific to understand the importance of using a digital payment gateway in order to have greater global access to customers from such markets as North America and Europe.”
Founded in 1998, PayPal continues to be at the forefront of the digital payments revolution. PayPal gives people better ways to manage and move their money, offering them choice and flexibility in how they are able to send money, pay or get paid. The company operates an open, secure and technology agnostic payments platform that businesses use to securely transact with their customers online, in stores and increasingly on mobile devices. Available in more than 200 markets around the world, the PayPal platform enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
“The way in which we are making our travel bookings are changing, and as travellers evolve, so must businesses. Today’s digital traveller is demanding simplicity, convenience and security when making travel bookings. If businesses can offer a simple and secure payment experience that allows travellers to make online bookings seamlessly anywhere they want, they are set for take-off. As an online and mobile payments leader with 227 million customers in over 200 markets worldwide, PayPal is focused on helping travel businesses in Asia Pacific tap into this global opportunity, and joining the PATA community allows us to be better placed when it comes to discussions on the digitalisation of travel,” said Rahul Shinghal, Managing Director for PayPal Southeast Asia and Head of Merchant Support for PayPal Asia Pacific.