Additionally, in a landscape where some travel intermediaries are observed to consolidate and provide payment solutions within their ecosystems, others must carefully evaluate their choice of payment providers to ensure their operations are not jeopardised due to conflicts of interest and customer data remain secure.
Shawn Qin, Head of Card Business at SUNRATE said, “We are pleased to present this comprehensive white paper, tailored specifically for travel intermediaries. At SUNRATE, we understand the unique challenges associated with managing B2B travel payments.
Our goal is to offer practical and actionable advice to streamline payment processes, reduce costs, and enhance efficiency.
As an agnostic and independent payment service provider, SUNRATE is committed to protecting the interests and data of its clients”
In this white paper, SUNRATE shares the six pressing issues impacting travel intermediaries.
1. Cross-border complexities. Dealing with multiple currencies and regulatory environments can be complex and costly for travel intermediaries. Cross-border transactions, in particular, can incur expensive processing fees and administrative costs.
2. High transaction costs. High transaction costs associated with cross-border B2B travel payments pose a significant challenge to travel intermediaries. These costs become particularly financially burdensome due to the high volume of transactions and the multitude of foreign exchange mark-ups when facilitating payments across multiple pay-out corridors.
