Advantage Travel Partnership has formed a new strategic payment partnership with ConnexPay, the all-in-one payment platform for businesses.
The collaboration offers multi-currency options to Advantage members and a service designed to streamline and optimise payment flows across the business travel ecosystem.
Founded in 2017, ConnexPay was, as the name suggests, built to connect incoming customer sales and outgoing supplier payments, thereby enhancing transparency and reconciliation.
With global solutions for travel-related companies, ConnexPay offers Virtual Card (VCN) issuing across six continents to pay with Visa, MasterCard or the UATP card.
It has been reported that businesses switching to ConnexPay have experienced up to a 10% uplift in card rebates through the brand’s proprietary Intelligent PayOuts.
Travel agents often struggle with the gap between customer payments and the suppliers they need to pay, creating cash flow stress and reconciliation headaches.
Through their platform, ConnexPay simplifies workflows, improves working capital, reduces risk for card acceptance, simplifies reconciliation, and offers competitive rates for card acceptance and issuance.
This new partnership strengthens Advantage’s proposition and provides members with further support within its One-Stop Business Hub.
Andrea Caulfield-Smith, Managing Director Global Business Travel of The Advantage Travel Partnership, stated: “We are delighted to welcome ConnexPay onboard to offer strategic payment solutions to our members. Payment is a critical part of our members’ businesses, so we want to enable them to streamline this process and see this as a significant step in providing support.
“By partnering with ConnexPay, members will be able to improve their cash flow, changing the way online sellers do business, while also reducing any risks due to operating on one platform, thus reinforcing our commitment to innovation.
“We look forward to seeing how this partnership enhances the payment experience across the business travel ecosystem and supports greater transparency, control, and efficiency for all stakeholders involved.”
Ben Peters, CEO at ConnexPay, added: “Travel agents are facing fierce competition and rapid industry changes. Through our partnership with Advantage, their members can now eliminate long-standing cash flow gaps by converting customer transactions into real-time supplier payments.
“We’re excited to support both leisure and business travel Advantage Travel Partnership members in transforming their payment processes and accelerating business growth.”
