Travel technology firm Amadeus is planning to launch a new payments-focused business, with a prepaid virtual card set to be its first offering.
The Madrid-based company plans to launch Outpayce as a wholly owned subsidiary to meet its goal of offering “frictionless travel payments” to clients.
Amadeus has applied and is awaiting approval for an eMoney license from the Bank of Spain, which will provide the ability to offer payment services, such as accepting and transferring funds and…