Global technology provider for flights, Etraveli Group, has announced a partnership between PRECISION, the flagship product of the group’s fintech arm, EG Fintech Solutions, and Mastercard Gateway.
This collaboration marks a significant advancement in fraud prevention, enhancing security for travel merchants and their customers.
PRECISION, EG Fintech Solutions’ pioneering risk management solution, was born from travel, for travel, to solve the unique complexities faced by travel sellers and airlines worldwide.
Backed by more than two decades of fraud prevention expertise, it handles multibillion-dollar transaction volumes annually across more than 200 territories.
PRECISION delivers unmatched accuracy and speed of decision-making, along with the flexibility travel merchants have long needed to tailor fraud strategies to their specific markets and operational needs.
Mastercard, a global leader in payment technology and security, has long supported the travel industry with trusted, scalable infrastructure.
Through Mastercard Gateway, the company enables secure, flexible payment acceptance across more than 30 payment methods, making it a natural partner for bringing PRECISION’s fraud protection to more merchants, faster.
By combining PRECISION’s deep travel fraud expertise with Mastercard’s global payments network, this partnership sets a new standard for payment transaction security in the travel industry that delivers state-of-the-art fraud detection, real-time risk insights, and seamless payment experiences.
More than a technical integration, it’s a strategic collaboration aimed at enhancing trust, reducing friction, and empowering travel merchants to grow confidently in an increasingly complex fraud landscape.
Peny Rizou, Chief Fintech Officer, Head of EG Fintech Solutions, said: “We’re proud to partner with Mastercard Gateway to further expand access to PRECISION’s powerful fraud protection for travel merchants globally.
“Our solution gives merchants unmatched accuracy and speed of decisioning, along with the integration ease and flexibility they’ve never had before when it comes to managing fraud.”
Mathias Hedlund, Chief Executive Officer at Etraveli Group, added: “Our partnership with Mastercard extends the global reach of PRECISION, bringing its benefits to more travel merchants worldwide.
“As a long-standing partner to the travel industry, we understand the unique fraud challenges it faces,” said Maria Parpou, Executive Vice President, Mastercard Payment Gateway Services.
“By integrating with PRECISION, built specifically for travel, we’re strengthening our ability to support merchants with specialised protection at scale.”
