RateGain & Cashfree Merge Local Payment Methods for Cross-Border Travel

Akash Sinha, CEO and Co-founder of Cashfree Payments, and Parijat Tiwari, Executive Vice President and General Manager Distribution at RateGain, have announced a strategic partnership to launch RG Pay, a payment infrastructure designed to support transactions across 176 countries using UPI and RuPay. This collaboration aims to address the cross-border payment complexities faced by the travel and hospitality sector, enhancing transaction reliability and aligning with local user preferences.

The partnership positions RG Pay as a unified payment solution that integrates domestic and international payment capabilities within a single system. This initiative is part of a broader industry trend where travel and hospitality companies are seeking to improve transaction processes and cater to the diverse payment preferences of global travelers.

Key Points:

• Organizations Involved:
  • RateGain Travel Technologies Limited (parent: RateGain)
  • Cashfree Payments (Platinum Partner)
• Key People:
  • Akash Sinha, CEO and Co-founder of Cashfree Payments
  • Parijat Tiwari, Executive Vice President and General Manager Distribution at RateGain
• Specific Locations:
  • 176 countries (global coverage)
• Properties and Brands:
  • No specific hotel properties or brands mentioned in the article
• Strategic Topics Discussed:
  • Cross-border payment complexities
  • Transaction reliability
  • Alignment with local user preferences
• Named Solutions:
  • RG Pay (payment infrastructure)
  • UPI (Unified Payments Interface)
  • RuPay (Indian payment system)
• Market Context:
  • Industry shift towards improving transaction processes in travel and hospitality
  • No specific industry reports or surveys cited in the article

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