Voxel Acquisition Latest Sign of Upheaval in Travel Payments
Summary
Hotels, airlines, agencies, aggregators, credit card issuers, and financial technology companies are shaking up how they handle back-office payments. They’ve been rolling out new software and automated workflows to replace manual steps, cut costs for currency conversions, clamp down on fraud and defaults, and provide consumers with easier ways to buy trips. Join Us at Skift Global Forum in NYC September 21-23 Voxel is one of many companies taking steps to fully digitize and automate business-to-business payments and refunds in the travel sector. Ingenico ePayments conducted a brisk pandemic business in helping travel companies expand contactless transactions beyond the airline industry. Voxel claimed that this merger would add seamless digital connectivity with Amadeus, Sabre, and Travelport — three companies that link airline content with travel agencies.