Qashio And Visa Invest Dh100 Million To Transform B2B Travel Payments In MENA

In a significant move to bolster the travel industry, Qashio has teamed up with Visa to introduce a first-of-its-kind Visa Commercial Choice Travel programme in the region. This collaboration aims to enhance the travel sector in the UAE, MENA, Europe, and the UK by offering a pioneering B2B Travel payments solution. With plans to allocate more than Dh100 million to this programme in the upcoming years, the initiative is set to revolutionize how travel companies manage their finances.

The partnership promises to offer a seamless and secure way for travel companies to handle transactions in various currencies including AED, SAR, USD, EUR, and GBP. This flexibility will be facilitated through the issuance of Qashio cards from the UAE, enabling companies to make payments and settle accounts in multiple currencies.

Qashio's collaboration with Visa is poised to redefine the travel industry's payment and reconciliation processes. By digitizing and automating payments, the solution aims to streamline operations, boost liquidity, and ensure seamless integration with global travel management companies. This integration encompasses booking tools and Global Distribution Systems (GDS), thereby making the booking and payment process more efficient and secure for travel companies.

Apart from enhancing payment security, the Visa Commercial Choice Travel solution by Qashio will offer real-time data insights and analytics for better cash flow tracking and budget management. With an unlimited pool of customizable Qashio cards, companies will achieve unprecedented control and visibility over their payments. Furthermore, Qashio's direct-to-ERP integrations will facilitate efficient reconciliation of booking transactions, helping travel companies reduce costs and maximize revenue.

Since its inception in the UAE in 2022, Qashio has rapidly grown to become a leading provider of business finance solutions in the MENA region. Its dedication to innovation and meeting the modern financial needs of businesses has set it apart. Through the Visa Commercial Choice Travel program, Qashio's Corporate Travel offering seeks to simplify operational intricacies, cut costs, and empower companies of all sizes to efficiently manage their travel payments.

With Visa's robust payment infrastructure at its core, the partnership guarantees high levels of security for all B2B travel-related transactions. This is a crucial aspect as it ensures that companies can carry out their business without worrying about the safety of their transactions.

"We are committed to continue our joint growth with Visa, a global leader in payments innovation, to management," Armin Moradi, CEO and Co-Founder of Qashio, emphasized. He highlighted the importance of the travel and tourism industry in the region and the need for strong technical payment solutions that cater to the needs of travel companies. "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."

Salima Gutieva, Visa's VP and Country Manager for UAE, expressed enthusiasm about the partnership, "Travel and tourism are key sectors driving growth and diversification of UAE and the region's economies. Visa is delighted to partner with Qashio in bringing this innovative solution that leverages Visa's technology, extensive network, and data analytics. 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."