Trends come and go. The travel industry is constantly seeking out new ways to revamp itself. But, despite major technological advances in the past decades, some territories (like payments) have remained under-explored. Until recently.
Payment is a critical component to delivering an effective distribution process and booking channel. The technology platform has to deliver a seamless traveller experience, maintain good supplier relationships, and save time and money on reconciliation and manual work.
Payment technology is changing all the time, getting more sophisticated, efficient, and secure. Yet, while e-commerce sites are booming, taking full advantage of these advancements, the travel industry has been in the back seat for a long time. However, new interesting alternatives have emerged and caught the attention of travel businesses. Here are some trends shaping the travel payment industry.