Tag Archives: MasterCard

As per Mastercard’s annual report, in 2024, more Indians are traveling globally. In the first three months of 2024, 97 million passengers travelled, with 21% surge in domestic air traffic, and 4% in international travel. Indians are increasingly exploring key markets, with a 53% increase in visits to Japan, 248% to Vietnam, and 59% to the US, compared to 2019.

Amadeus has recently announced its B2B Wallet Prepaid product for the travel agents. To this end, Amadeus is partnering with MasterCard to offer travel agencies payment acceptance and security around the globe, as well as better protection against supplier default when using B2B Wallet. Amadeus’ solution will build on MasterCard’s vast global network to expand virtual B2B payments in travel. Amadeus is also partnering with Ixaris to drive efficient virtual card management on B2B Wallet. With its innovative payments technology, Ixaris allows travel agents to easily create and add funds to their virtual payment cards. “Virtual card technology is the ideal application of Fintech innovation for the travel industry. By combining the strengths of Amadeus, MasterCard and Ixaris, we bring flexibility, efficiency and confidence to travel agent B2B payments. Since we launched the product in some markets in February we have seen overwhelming demand for it and today have customers in 10 European countries,” said Celia Pereiro, Head-Travel Payments, Amadeus. The Amadeus B2B Wallet will be gradually rolled out in select Asia Pacific markets in 2017 to bring travel agencies a virtual payments product with the option of either earning or saving cash when paying travel providers. Hany Fam, President, MasterCard Enterprise Partnerships, says, “With our global acceptance, advanced security and automatic consolidation, Amadeus B2B Wallet gives travel agencies a host of reasons to leave cash, checks and other payment mechanisms behind, saving time and money.”