Booking’s Fintech Boss on the Strategic Importance of Its ‘Very Profitable’ Payments Biz
Photo Credit: (From left) Daniel Marovitz, Booking.com senior vice president of fintech, and Seth Borko, Skift head of research, at Skift Global Forum East on October 30. 2025. Skift
Skift Take
Saving a basis point or two per transaction in Booking.com's payments business can turn into a windfall of millions of dollars. That's an edge that Booking.com is leveraging in payments, which are also central to its connected trip strategy.
Booking.com doesn't disclose the financials of its fintech unit, but Daniel Marovitz, who heads up the division, said "we are a very profitable source of revenue for the company."
Marovitz spoke onstage at Skift Global Forum East in Abu Dhabi Thursday.
Booking.com's fintech unit was announced in July 2021 and a central is to help travelers avoid the typically high foreign exchange fees charged by banks and credit card companies when booking international travel.
The fintech unit aims to support customers in using their preferred payment methods and helps provide them with competitive foreign exchange rates while also generating revenue for Booking Holdings. For partners, the fintech unit is designed to offer payout methods that help mitigate risk.
Marovitz talked about the
