New Ixaris Card delivers equitable, sustainable payment model for airlines and OTAs
Summary
Traditional card payments offer travel agents and OTAs financial incentives at the cost of eating into airlines’ already razor thin margins. The Ixaris Card removes intermediaries in the payment flow, and gives airlines control to design transparent flexible incentives for OTAs based on routes, seasonality, business volumes and more. “We are excited about the opportunity to offer airlines and agents a more flexible and significantly lower cost payment model,” comments Ixaris’ COO and Acting CEO Mark Anthony Spiteri. We found an apt partner in Ixaris, which supports our goal of reducing airline payment costs and settlement time for all bookings through Mystifly’s airline distribution, retailing, aggregation, fulfillment and payments platform,” added Rajeev Kumar, Founder & CEO at Mystifly. UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally.
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