The Missing Piece in B2B Air Travel Payments
A highly fragmented sales environment along with unnecessary expenses are among the main pain points for B2B payments for air travel. Here is what needs to improve.
travel
Virtual Cards Could Displace Checks in the Travel Market; WEX Expands in Asia
With the B2B virtual card market estimated at more than $95 billion in gross spending in 2016, payment providers would do well to target the travel sector, which represents the largest single vertical volume of that spending, according to Mercator Advisory Group. One such company, WEX Inc., has found that moving to virtual payments offers travel suppliers, such as hotels, car rental agencies and tour operators, distinct advantages, including getting paid faster, easier reconciliation across borders and improved analytics.
