Qashio, a leading provider of spend management solutions, has announced a strategic partnership with Visa to introduce the Visa Commercial Choice Travel program in the UAE, MENA, Europe, and the UK.
This groundbreaking B2B travel payments solution will provide over AED 100 million in funding over the coming years to support the travel industry across these regions.
The new solution will allow travel companies to obtain Qashio cards, enabling payments in multiple currencies, including AED, SAR, USD, EUR, and GBP. This will streamline payment processes, ensuring seamless transactions and settlements globally. The integration with Global Distribution Systems (GDS) and global travel management companies ensures that travel booking and payments are secure and efficient.
Qashio’s Visa Commercial Choice Travel solution also aims to enhance liquidity and automate payments, optimizing reconciliation and providing real-time data analytics. Travel companies will benefit from customizable Qashio cards, allowing full visibility and control over payments. Direct-to-ERP integrations will further simplify reconciliation processes, reducing costs and maximizing revenue.
Since its launch in 2022, Qashio has established itself as one of the top providers of business finance solutions in the MENA region. Armin Moradi, CEO and Co-Founder of Qashio, emphasized the company's commitment to simplifying corporate travel experiences through this partnership, which provides much-needed technical payment solutions for travel businesses.
Salima Gutieva, Visa’s VP and Country Manager for UAE, highlighted the significance of the partnership in supporting the region's growing travel and tourism sector. This collaboration underscores Visa’s commitment to driving digital transformation and enhancing payment efficiencies for travel companies.
News Source: Sherpa Comms
