Modulr – an embedded payments platform which featured on our FinTech 50 ranking late last year – has launched a travel payments solution specifically designed to address the unique needs of online travel agents and travel industry intermediaries.
The new offering enhances operational efficiency, streamlines reconciliation and cash flow processes, and unlocks margin improvement opportunities within the travel sector.
The traditional payment infrastructure in the travel industry is often fragmented and outdated, relying on multiple vendors and creating cumbersome manual processes.
With the International Air Transport Association (IATA) reporting that 41% of travel firms still place payment inefficiencies as their biggest…