Emirates NBD and Mastercard launch B2B travel payment solution

Emirates NBD and Mastercard have partnered to launch the Emirates NBD Wholesale Travel Solution, a virtual card-based B2B payment product designed for travel agencies.

This collaboration strengthens their long-standing strategic relationship and aims to simplify and digitise payment processes between travel agencies and suppliers in the travel booking ecosystem.

Leveraging Mastercard’s virtual card technology through the Mastercard Wholesale Program (MWP), the new solution improves cash flow with extended credit lines and payment guarantees, while providing greater visibility, security, and fraud controls. It also improves efficiency in both domestic and cross-border payments within the travel industry.

The new payment solution is intended to support the recovery and growth of the travel sector by offering a reliable and secure way for travel agencies to manage payments to global suppliers. According to the International Air Traffic Association (IATA), air travel is…