Mastercard and Bahrain-based fintech Infinios Financial Services have announced a strategic partnership to advance the digitization of business-to-business travel payments between travel buyers and suppliers through the first Mastercard Wholesale Program launch in region. Infinios will deploy the Mastercard Wholesale Program, a virtual card based B2B payment product, to its travel industry customers using its proprietary technologies to help them secure, streamline, and automate B2B travel transactions. Innovation must play its part in ensuring that travel payments are not only simple and convenient but, even more importantly, flexible and secure. The first-of-its-kind partnership in the region will enhance major B2B travel payment flows and bring the travel ecosystem closer together to accelerate sustainable growth across the travel value chain. As organizations across the ecosystem re-evaluate their payment strategies and operational priorities to drive sales and growth, the Mastercard Wholesale Program leverages proven virtual card technology to deliver multiple benefits.

Source: The North Africa Journal March 14, 2023 00:42 UTC