Hospitality distribution and fintech platform, Katanox, has secured a PSD2 payment institution licence from the Dutch National Bank.
As a payments licence holder, Katanox Financial Technology offers regulated payments services across the European Economic Area (EEA).
This means that accommodation providers and accommodation buyers can book and transact via direct bank payouts all within one platform.
The entire process is streamlined within Katanox’s platform from distribution and booking to automated commission reconciliation and payouts. Katanox says that this means every penny within the transaction is accounted for.
Not only does this give hotels and accommodation…