London-based digital payments provider, Checkout.com, has announced a strategic partnership with Mastercard that will bring virtual cards to online travel agents. Through Mastercard’s Wholesale Program, which employs an efficient pricing model and uses virtual card technology, customers using Checkout.com will enjoy reduced costs. This partnership comes at a favourable time as the B2B market in the travel sector is expected to reach $1.5 trillion by 2027. The agreement follows the launch of Checkout.com’s card issuing service last year in the UK and Europe, enabling brands to manage and fund their card programs more effectively. Ultimately, this partnership will unlock reduced costs and higher conversion rates for customers.
Checkout.com and Mastercard collaborate to introduce virtual cards for Online Travel Agents
