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  • Payment
  • International

Worldline and Visa launch virtual card solution for online travel agencies

Worldline has teamed up with Visa to create a virtual card solution for online travel agencies (OTAs). The OTA market is growing rapidly. This partnership is designed to meet the needs of players in the sector who want to keep pace with changes in their market by offering B2B virtual cards for faster, more secure payments.

FACTS

  • Worldline has teamed up with Visa to develop a virtual card issuing solution specifically for online travel agencies.

  • Online travel agencies will benefit from the combination of the two companies' fluid payment acceptance networks, which will optimise their cash flow and simplify payments to their suppliers.

  • The online travel agency (OTA) market is growing rapidly, with increasing demand for innovative payment solutions.

  • Analysts predict that travel and tourism will generate 76% of all online sales revenue by 2028.

CHALLENGES

  • Meeting the needs of travel agencies: the partnership between Worldline and Visa aims to meet this demand by offering a B2B virtual card programme that enables OTAs to pay their suppliers more quickly and securely.

  • Strengthening its market position: this initiative should also strengthen Worldline's position in the travel agency payments market, while generating sustainable growth in its turnover.

  • Moving up the payment value chain: this strategic collaboration aims to broaden Worldline's scope beyond payment processing to include direct card issuing.

MARKET PERSPECTIVE