PayPay Corporation’s Post

In the final installment of Beyond the Bloom, discover how much merchants’ enablement of contactless payments for inbound travelers in Japan boosted transactions during the Sakura #travel season: https://lnkd.in/gQ92HAg3. #VisaConsultingAnalytics #VisaDestinationInsights #ConsumerSpending

Exciting news! Our expansion efforts are ongoing to provide a seamless end-to-end solution for merchants, especially those in the Airlines & Travel sector. Worldline and Visa are teaming up to launch a new virtual card solution! 💳 Focused initially on OTA’s, this partnership aims to simplify operations and streamline cash flow for OTA's. Key highlights:       - OTA market growth: The OTA market is rapidly expanding, with projections indicating that Travel and Tourism will account for 76% of all online sales revenues by 2028, highlighting a surge in demand for innovative payment solutions.   - Travel industry revenue projections: The travel industry is expected to reach a volume of USD 1.74 trillion by 2026, emphasizing the significant financial scale of the industry. - Increased OTA influence: OTA’s currently hold 40% of the global travel market share and are expected to play a more influential role across various sectors including airlines, hotels, packaged tours, rail, and cruises. - Virtual cards optimization: Virtual cards are becoming integral for OTAs to streamline operational procedures, with a new partnership aimed at enhancing payment infrastructure, enabling quicker and more secure payments to suppliers. - Worldline & Visa partnership impact: Worldline's collaboration with Visa will provide OTA’s access to a dedicated B2B virtual card program, facilitating faster and more secure supplier payments, and ultimately enhancing the payments infrastructure for the sector. If you're ready to step up and lead this initiative, explore the #DirectorB2BTravel position on the Worldline page. #WorldlineMerchantServices #Visa #OnlinePayment #OTA's #partnerships #features

FREENOW Integrates Alipay+ to Enable Asian E-wallets Acceptance in Seven European Countries Pietro Candela, General Manager of Europe at Alipay+, commented: "During the peak summer season, FREENOW will benefit from the large influx of Asian tourists visiting major European cities, which are becoming increasingly popular destinations, especially this year for the EUROs. We also want to adapt to the needs of these Asian travelers, so that they can conveniently pay with their preferred e-wallet and benefit from the personalised promotions on offer.” https://lnkd.in/gHYPJJpj Andreas Maier #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

🧧 ✈️ Travel is back, and paying abroad is getting easier With Chinese New Year, millions of people are gearing up for trips—And this year, there’s one thing they’ll have to worry less about: #payments. Alipay+ now connects 1.6 billion users across 35+ e-wallets and banks. What's interesting is that it facilitates seamless payments in 66 markets–eliminating currency exchanges or card compatibility issues so users can just scan and go! Some interesting updates: 📍 Travelers can now use their preferred payment apps at 2M+ merchants in South Korea, 3M+ in Japan, and across key destinations in Southeast Asia, Europe, and the Middle East. 📱 QR payments are more connected than ever— DuitNow in Malaysia, SGQR in Singapore, PayPay in Japan, ZeroPay in South Korea—making transactions seamless. 🎊 Chinese New Year promotions are rolling out at major retailers, resorts, and duty-free stores. 📈 And the big picture? Tourism spending in Asia is expected to grow by 330% by 2027. It’s a reminder of how fast digital payments are evolving—making travel smoother and more connected. If anything, it makes me wonder: what’s next for cross-border payments? What’s been your experience with mobile payments while traveling? –– Many thanks to: - https://lnkd.in/eyRuzQkE - https://lnkd.in/eVzs2Q-H #ChineseNewYear #DigitalPayments #TravelTech #Tourism #Fintech

Pay like a local, play like a local. Interesting to watch the payments landscape evolve in travel with different breeds of companies sensing travel’s potential and trying to solve its unique pain points. Names such as JUSPAY from India, GLN from Korea and Ant from China - all with big home markets - following their travellers abroad. As said at #witsingapore, “being able to pay like a local is part of the travel experience”. Nakul Kothari Timothy Hughes Web In Travel #nextgeneration #travelpayments #fintech #witsingapore https://lnkd.in/ggCgVMHn

Are virtual payments the next big thing for travel sellers? Wakanow Group, Africa's leading travel tech conglomerate, seems to think so! Wakanow is embracing Outpayce from Amadeus' B2B Wallet for virtual payments to simplify its payment processes. Amadeus' latest Travel Technology Investment Trends research shows that virtual cards for payments are being widely adopted to increase productivity. Some 67% of travel agencies are already using digital payments in booking flows and 47% of agencies are automating manual processes, with virtual payments playing a key role. By embracing virtual payments, companies like Wakanow are positioning themselves at the forefront of travel tech innovation. Follow the link below to access our full report and discover how industry leaders are shaping the future of travel transactions: https://lnkd.in/gb659c8e Read the full announcement: https://lnkd.in/em9G2PHz #AmadeusTechTrends2024 #VirtualPayments #TravelTechnology #BusinessTravelTechTrends2024

Big things are happening in travel, and payments are stealing the spotlight. ✈️ 🌎 Travel demand is booming, but the industry is still catching up when it comes to smooth, seamless payment experiences. The good news? Better payment solutions could be the game-changer for happier customers and stronger profits. 𝗖𝘂𝗿𝗶𝗼𝘂𝘀 𝗮𝗯𝗼𝘂𝘁 𝘄𝗵𝗮𝘁’𝘀 𝗻𝗲𝘅𝘁? 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲 𝘁𝗼𝗽 𝘁𝗿𝗮𝘃𝗲𝗹 𝗮𝗻𝗱 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝘁𝗿𝗲𝗻𝗱𝘀 𝘁𝗼 𝘄𝗮𝘁𝗰𝗵 𝗶𝗻 𝟮𝟬𝟮𝟱: https://lnkd.in/eMvECQH3 #TravelTech #Payments #Innovation #HandsIn

Fast and secure payments aren't just convenient—they're crucial for a seamless travel experience. - 🌍 When traveling, dealing with slow or insecure payments can not only dampen your journey but also expose you to risks like booking failures or scams. - 🇯🇵 Despite the widespread acceptance of credit cards in Japan, the abundance of pre-paid card options can overwhelm international visitors. - 💳 The rise of Visa contactless payments is changing the game, offering a simpler, more straightforward transaction process. - 🇹🇼 In Taiwan, initiatives to diversify payment methods are underway, with digital wallets like LINE Pay gaining traction, although credit and pre-paid cards still dominate the market. - 🔒 Ensuring a variety of secure, efficient payment options are available worldwide is key to enhancing the travel experience for everyone.

If Japan is on your travel bucket list for 2024 or you’re planning to go anywhere abroad this year, GCash makes traveling much easier with GCash Global Pay, proving you can officially go cashless and travel without the usual worries and hassles. Take a cue from Megan Young & Mikael Daez and their recent adventure in Japan, where they traveled cashless through their favorite places in Tokyo. #CashlessTravel #GadgetsMagazine #GCashGlobalPay

Last week at the Mastercard Asia Pacific Travel Payment Forum, Netstars, with Agoda, Hotel Management Japan, Worldpay and Mastercard's successful pilot in Japan was showcased. With Japan's tourist arrivals at record highs, demand from overseas travel agents for Japanese hotels to handle VCN payment was increasing, but most Japanese hotels still preferred bank-based overseas remittances which is commonly used in Japan. This Mastercard Virtual Card Number (VCN) corporate payment system for hotels in Japan was launched with the aim of significantly improving operational efficiency and strengthening risk management measures. Using NETSTARS’ straight-through processing, Agoda issues a Mastercard VCN based on guests’ reservations, checkout information and provides payment processing to hotels, allowing hotels to receive virtual card payments directly without manual intervention. This is the first development and provision in Japan of a platform that specializes in billing and payment processes via the use of virtual card numbers (VCNs) to connect domestic hotels with overseas travel agents. More details in our Press release at this link below: https://lnkd.in/gPPUzu75 #Agoda #HotelManagementJapan #Worldpay #Mastercard #Netstars #TravelJapan #JapanHotels #travelPayments #B2Bpayments