Qashio and Visa launch B2B travel payments solution with an AED 100 mn investment

Qashio and Visa partner up to digitize payments for online travel agencies: UAE-based fintech Qashio partnered up with Visa to introduce a B2B program for travel agencies and travel management firms for the first time in the UAE, the MENA region, and Europe and the UK, according to a press release (pdf). The two companies are allocating over AED 100 mn in the coming years to the Visa Commercial Choice Travel program.

The details: Under the partnership, Qashio will enable travel companies to process multi-currency transactions (AED, SAR, USD, EUR, GBP) and digitize and automate their B2B payments. The solution integrates with global distribution systems, booking tools, and ERPs, and provides customizable cards for payment control and visibility. It also provides data insights and analytics for travel firms.

About Qashio: Qashio is a spend management platform that focuses on expense management for businesses. It provides features such as expense tracking, virtual cards, and integrations with existing systems.

ICYMI- Visa also teamed up with Emirates NBD’s digital arm, Liv Bank, to launch a flexible credential feature in the UAE lastNovember, allowing people to use a single card to pay from different funding sources, including multiple currency accounts.