Air2pay expected to reduce expense of card transactions
Airline services provider Paxport Group is launching a new payment solution called Air2Pay.
This collaboration – which enables airlines to lower the costs associated with card transactions by utilising modern and secure bank transfers – is the latest in several new solutions from airline distribution experts.
According to PaxPort, who has 30 years in the travel technology industry under its belt, Air2pay allows airlines to change the way they handle travel industry payments and offers a cost-effective, efficient alternative to the often complex and multi-tiered card, BINS.
Air2pay will provide a transparent, controlled way to drastically reduce processing fees for airlines, A simplified payment process, integrated into Paxport’s market leading airline distribution ecosystem, replicates the familiar payment flows without the burden of exorbitant card network fees and complexities.
Dave Robinson, Managing Director at Pax2pay ltd said of the move: “Pax2pay is one of the leading providers in B2B payments for the travel industry and are committed to listening to our clients’ needs.
“We work closely with our sister company, Paxport, who connect both global and national travel sellers to leading airlines through their sophisticated airline distribution technology.
“With a growing demand from airlines for a viable alternative to card payments, we’re excited to launch Air2Pay. This new solution offers airlines a secure, cost-effective way to process payments via Open Banking, providing a reliable alternative to cards to support trade sales.”
Simon Taylor, Head of Commercial at Paxport added: “Leveraging Paxport Group’s own experience in both digital payments and airline connectivity put us in a unique position to deliver this exciting new solution and answer the challenge that our airline partners continue to experience with escalating costs of distribution.”
