“Revolut is excited to drive digitalisation in the travel sector alongside our partners at Sabre,” comments Will Hannan, Global Head of Embedded Finance Sales at Revolut.
“Together, we are streamlining transactions through our suite of virtual cards, real-time foreign exchange and API-based payment products. We’ve brought our joint offering to dozens of businesses, and we look forward to delivering even more value to customers in 2024.”
Providing virtual payments solutions
According to Future Market Insights, the virtual cards market is predicted to be worth US$1.3tn by 2032, with 12.2% projected growth between 2022 and 2032.
Currently, the main drivers of this growth are the increasing adoption of API virtual card issuing platforms, the demand for secure and convenient payment solutions, and the growing penetration of smartphones and e-commerce.
