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QASHIO AND VISA PARTNER TO INVEST AE $ 100 MILLION TO TRANSFORM AND DIGITISE PAYMENTS FOR ONLINE TRAVEL AGENCIES ( OTAS ) AND TRAVEL MANAGEMENT COMPANIES ( TMCS )
Qashio , one of the leading providers of spend management solutions , has announced its strategic partnership with Visa , a world leader in digital payments , to launch Visa Commercial Choice Travel programme for the first time in the region . With this innovative B2B Travel payments solution launch , Visa and Qashio will support the travel industry in the UAE , MENA , Europe and the UK , with global issuance capabilities by allocating over AE $ 100 million in the programme in the coming years .
The travel solution will allow travel companies to obtain Qashio cards and transact in different currencies including AED , SAR , USD , EUR and GBP issued from UAE enabling payments and settlements in multiple currencies .
Qashio and Visa ’ s specialised solution will enable travel companies to digitise and automate their payments within the travel sector , optimising their reconciliation and enhancing liquidity . The solution is seamlessly integrated with global travel management companies and their booking tools including Global Distribution Systems ( GDS ), making travel booking and payments seamless and secure .
a commitment to innovation . Utilising the Visa Commercial Choice Travel programme , Qashio Corporate Travel offering aims to streamline operational complexities , reduce expenses and support companies of all sizes to manage their travel payments .
Leveraging Visa ’ s secure payment infrastructure , this partnership ensures high standards of protection for all B2B travel-related transactions . Beyond payment security and control , Qashio ’ s Visa Commercial Choice Travel solution will provide real-time data insights and analytics to make cashflow tracking and budgeting more precise . With an unlimited pool of customisable Qashio cards companies will gain full control and visibility over payments .
Qashio ’ s direct-to-ERP integrations will enable travel companies to reconcile their booking transactions efficiently , reducing costs and maximising revenue .
“ We are committed to continue our joint growth with Visa , a global leader in payments innovation , to management ,” said Armin Moradi , CEO and Co-founder of Qashio . “ We recognise that the Travel and Tourism industry is key in the region however the travel companies are underserved with strong technical payment solutions that work in their favour , we are creating a one-stop platform that simplifies the corporate travel experience for our clients , allowing them to focus on what truly matters – growing their businesses .” �
Since launching in the UAE in 2022 , Qashio has quickly established itself as one of MENA ’ s top providers of business finance solutions , meeting the evolving financial needs of today ’ s businesses with
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