Mastercard and Booking.com streamline payments for travel partners

Through a new partnership, Mastercard and Booking.com are simplifying business-to-business payments, leveraging Mastercard’s virtual cards

The partnership with Booking.com focuses specifically on accelerating the utilisation of Mastercard Virtual Cards. Together, the firms aim to simplify B2B payments for travel partners and bring more flexibility, security, and convenience to the overall travel partner experience.

Key takeaways

• Mastercard will supporting Booking.com in the acceleration of its ‘Pay by Booking’ model to enhance travel partners’ payout experience by removing financial friction from travel payments and making them efficient and secure;
• Travel partners can easily track and reconcile payments, while benefiting from other virtual card benefits such as flexible pricing, financing options and card payment guarantees;
• Mastercard will drive new value-added financial services for travel partners such as leveraging card rails and new rails to deliver frictionless payments and providing data insights to support partners’ business strategy and deliver to the evolving needs of travelers.

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