Articles tagged “Payment Technology”

Thailand’s tourism boom isn’t just calling for new resorts or luxury upgrades, it’s demanding a deeper fix: the overhaul of outdated, fragmented payment systems that mar the entire guest experience.

Amazon’s customer payment system is the picture of modernity, simplicity, and convenience. The travel industry pales in comparison, but that’s changing. Flywire is among the fintech companies jumping at the opportunity.

In a world that’s rapidly going cashless, mobile payments are transforming travel, with Asia leading the charge while the technology spreads globally.

Maldives' decision to introduce RuPay cards in the country in partnership with India may or may not lead to an uptick in Indian tourists. But it could boost its tourism earnings.

EaseMyTrip's new travel debit card with Bank of Baroda checks all the boxes, but just on paper.

GMR group's decision to increase its stake in the Delhi International Airport comes at a time when airport operators' revenue growth could top 15% this year.

India's aviation sector is expanding and people from smaller cities are increasingly looking to fly. Keeping airfares in check is key to ensuring that air travel remains accessible to the Indian middle class, particularly as it makes up for about a third of the country's population.

International visitor spending in India in 2023 was 14% below pre-pandemic levels. UPI One World wallet eliminates the need for international travelers to carry currency, and could boost tourism spending in India.

In a region where convenience and speed are paramount, a seamless payment experience is not just a luxury, it’s a necessity for success.

By 2024, Asia’s travel and tourism revenue is projected to hit a whopping $326 billion. To cash in on this boom, travel providers need to tackle Asia’s patchwork of payment options.