Qashio, Visa to make payments easy

Qashio announced its strategic partnership with Visa to launch Visa Commercial Choice Travel programme for the first time in the Middle East region. With this innovative B2B travel payments solution launch, Visa and Qashio will support the travel industry in the UAE, MENA, Europe & the UK with global issuance capabilities by allocating over AED100 million in the programme in the coming years.

TT Bureau

The travel solution will allow travel companies to obtain Qashio cards and transact in different currencies, including AED, SAR, USD, EUR and GBP issued from UAE enabling payments and settlements in multiple currencies. Qashio and Visa’s specialised solution will enable travel companies to digitise and automate their payments within the travel sector, optimising their reconciliation and enhancing liquidity. The solution is seamlessly integrated with global travel management companies and their booking tools including Global Distribution Systems (GDS), making travel booking and payments seamless and secure.

Since launching in the UAE in 2022, Qashio has quickly established itself as one of MENA’s top providers of business finance solutions, meeting the evolving financial needs of today’s businesses with a commitment to innovation. Utilising the Visa Commercial Choice Travel programme, Qashio Corporate Travel offering aims to streamline operational complexities, reduce expenses, and support companies of all sizes to manage their travel payments. Leveraging Visa’s secure payment infrastructure, the tie-up ensures high standards of protection for all B2B travel-related transactions. Beyond payment security and control, Qashio’s Visa Commercial Choice Travel solution will provide real-time data insights and analytics to make cashflow tracking and budgeting more precise. With an unlimited pool of customisable Qashio cards companies will gain full control and visibility over payments.

Sharing details about the partnership, Armin Moradi, CEO and Co-Founder, Qashio, said, “We are committed to continue our joint growth with Visa. We recognise that the Travel & Tourism industry is key in the region. However, the travel companies are underserved with strong technical payment solutions. We are creating a one-stop platform that simplifies the corporate travel.”

Salima Gutieva, Vice President and Country Manager for UAE, Visa, said, “Travel and tourism are key sectors driving growth and diversification of UAE and the region’s economies. This partnership reflects our commitment to providing secure and seamless payment solutions that improve efficiencies of travel and tourism companies.”