Global payment orchestration platform, FinMont, has announced it will be incorporating the leading Web3 infrastructure Camino Network. The decentralized travel blockchain will allow FinMont to benefit from the cutting-edge Web3 solutions including personalization through digital wallets, and tokenization and incorporate these into the unique global payment ecosystem.
The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes. The firm’s mission is to help travel merchants use payments as a strategic tool to stand out from their competitors.
The initiators of the web3 travel ecosystem Camino Network, Chain4Travel, are a strong strategic partner and helped onboard FinMont to the new infrastructure. The team of leading travel tech experts navigate the next travel era enabling digital innovation for the global travel industry and allowing businesses to benefit from the fast-paced technological shift of web3 technologies.
The FinMont platform aims to revolutionise payments by seamlessly connecting multiple banks and providers through one simple gateway. It also aims to improve the travel payment ecosystem globally and by utilising its connection to the Camino Network, can now offer merchants the benefits of market-leading web3 solutions including chargeback management and reducing post-transactional fraud.
Suby Valluri, CEO of FinMont, commented, “We are delighted to partner with the Camino Network and incorporate the leading and comprehensive travel blockchain into our global ecosystem. The Camino Network ecosystem is a true global leader in web3 technologies and implementing the advanced tech infrastructure of Camino Network will benefit our merchants and ensure we offer the very best solution. As part of our global strategy, we will integrate with leading banks, payment, fraud and other providers to offer a truly unique solution to the travel industry.”
Anke Hsu, VP Business Development of Chain4Travel, added, “We are thrilled that FinMont joins the Camino Network community, and has developed a payment solution uniquely designed to address the challenges and needs of the travel industry. We are certain that Camino’s unique web3 infrastructure will offer new opportunities for their payment eco-system and huge benefits for their rapidly growing client base.”