{"id":69578,"date":"2025-01-06T11:07:02","date_gmt":"2025-01-06T09:07:02","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=69578"},"modified":"2025-01-06T11:07:03","modified_gmt":"2025-01-06T09:07:03","slug":"qashio-and-visa-partner-to-invest-aed-100-million-to-transform-digitize-payments-for-online-travel-agencies-otas-and-travel-management-companies-tmcs","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2025\/01\/06\/qashio-and-visa-partner-to-invest-aed-100-million-to-transform-digitize-payments-for-online-travel-agencies-otas-and-travel-management-companies-tmcs\/","title":{"rendered":"Qashio and Visa Partner to Invest AED 100 million to transform &amp; digitize payments for Online Travel Agencies (OTAs) and Travel Management Companies (TMCs)"},"content":{"rendered":"\n<p><strong><a href=\"https:\/\/www.qashio.com\/\">Qashio<\/a><\/strong>, one of the leading provider of spend management solutions, has announced its strategic partnership with <strong><a href=\"https:\/\/eg.visamiddleeast.com\/ar_EG\/pay-with-visa\/find-a-card\/credit-cards.html\">Visa<\/a><\/strong>, a world leader in digital payments, to launch Visa Commercial Choice Travel program for the first time in the region. <\/p>\n\n\n\n<p>With this innovative B2B Travel payments solution launch, Visa and Qashio will support the travel industry in the UAE, MENA, Europe &amp; the UK, with global issuance capabilities by allocating over AED 100 Million in the program in the coming years.<\/p>\n\n\n\n<p>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 &amp; settlements in multiple currencies.<\/p>\n\n\n\n<p>Qashio and Visa\u2019s specialised solution will enable travel companies to digitize and automate their payments within the travel sector, optimizing their reconciliation and enhancing liquidity. <\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Since launching in the UAE in 2022, Qashio has quickly established itself as one of MENA\u2019s top provider of business finance solutions, meeting the evolving financial needs of today\u2019s businesses with a commitment to innovation. <\/p>\n\n\n\n<p>Utilising the Visa Commercial Choice Travel program, Qashio Corporate Travel offering aims to streamline operational complexities, reduce expenses, and support companies of all sizes to manage their travel payments.<\/p>\n\n\n\n<p>Leveraging Visa\u2019s secure payment infrastructure, this partnership ensures high standards of protection for all B2B travel-related transactions.<\/p>\n\n\n\n<p>Beyond payment security and control, Qashio\u2019s Visa Commercial Choice Travel solution will provide real-time data insights and analytics to make cashflow tracking and budgeting more precise. <\/p>\n\n\n\n<p>With an unlimited pool of customizable Qashio cards companies will gain full control and visibility over payments. Qashio\u2019s direct-to-ERP integrations will enable travel companies to reconcile their booking transactions efficiently, reducing costs and maximising revenue.<\/p>\n\n\n\n<p>\u201cWe are committed to continue our joint growth with Visa, a global leader in payments innovation, to management,\u201d said Armin Moradi, CEO and Co-Founder of Qashio. \u201cWe recognise that the Travel &amp; Tourism industry is key in the region however the travel companies are underserved with strong technical payment solutions that work in their favor, we are creating a one-stop platform that simplifies the corporate travel experience for our clients, allowing them to focus on what truly matters \u2013 growing their businesses.\u201d<\/p>\n\n\n\n<p>Salima Gutieva, Visa\u2019s VP and Country Manager for UAE, \u201cTravel and tourism are key sectors driving growth and diversification of UAE and the region\u2019s economies. Visa is delighted to partner with Qashio in bringing this innovative solution that leverages Visa&#8217;s technology, extensive network, and data analytics. <\/p>\n\n\n\n<p>This partnership reflects our commitment to providing secure and seamless payment solutions that enable the digital transformation and improve efficiencies of travel and tourism companies.\u201d<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qashio, one of the leading provider of spend management solutions, has announced its strategic partnership with Visa, a world leader in digital payments, to launch Visa Commercial Choice Travel program 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 &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[622],"tags":[1288,702],"class_list":["post-69578","post","type-post","status-publish","format-standard","hentry","category-economy","tag-qashio","tag-visa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Qashio and Visa Partner to Invest AED 100 million to transform &amp; digitize payments for Online Travel Agencies (OTAs) and Travel Management Companies (TMCs) - Gulf Tech News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gulftech-news.com\/en\/2025\/01\/06\/qashio-and-visa-partner-to-invest-aed-100-million-to-transform-digitize-payments-for-online-travel-agencies-otas-and-travel-management-companies-tmcs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qashio and Visa Partner to Invest AED 100 million to transform &amp; digitize payments for Online Travel Agencies (OTAs) and Travel Management Companies (TMCs) - Gulf Tech News\" \/>\n<meta property=\"og:description\" content=\"Qashio, one of the leading provider of spend management solutions, has announced its strategic partnership with Visa, a world leader in digital payments, to launch Visa Commercial Choice Travel program for the first time in the region. 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