Fueled by concerns over fraud, global travelers are increasingly worried about the security of their payments.
Research from Outpayce from Amadeus found that more than 70% of surveyed travelers prefer to book with travel companies known for their secure payment processes.
The survey also asked whether respondents would accept a discount to book with a travel company that had poor cybersecurity. Two-thirds of respondents said they would not book with a provider lacking adequate payment protection—even if offered a 5% discount. On average, respondents said it would take a 38% discount to persuade them to take the risk.
According to Outpayce, payment fraud has affected more than half of travelers worldwide. This trend is particularly evident in countries like Brazil, where 89% of respondents reported being victims of fraud. Overall, 64% believe payment fraud has been increasing.
Cross-Border Concerns
The cross-border nature of the…
