Allianz Trade teams up with Mastercard to better support B2B travel payments
THE NEWS:
Allianz Trade announced it will extend trade credit insurance to issuers that leverage Mastercard Virtual Card Numbers (VCNs) across the travel industry through an enhanced Allianz Trade Pay solution.
DETAILS:
WHY IT MATTERS:
Providing credit‑insurance for VCN issuers helps mitigate financial risk in the travel supply chain, supporting smoother cash‑flow and greater confidence for OTAs and suppliers that rely on digital credit cards for payments.
FAQ
What new service is Allianz Trade launching for the travel industry?
Allianz Trade is launching an extended trade credit‑insurance product for issuers that use Mastercard Virtual Card Numbers, delivered via its enhanced Allianz Trade Pay solution, to protect B2B payment flows.
How will the Allianz Trade Pay solution benefit online travel agencies?
The solution enables issuers to offer credit terms to OTAs with added security, lowering the agencies’ payment‑risk exposure and fostering more reliable financing for travel bookings.
Which payment technology does the new insurance coverage target?
The insurance specifically targets issuers that leverage Mastercard Virtual Card Numbers (VCNs), the digital credit‑card format used to fund OTA transactions.
Read Original Article.
Experience the magic of the Nile aboard Kenzy Dahabeya, a luxury boutique sailing cruise that offers an unforgettable journey between...
Read moreDetails
