Qashio, one of the leading providers of spend management solutions in UAE, has collaborated with Visa, a world leader in digital payments, to launch the Visa Commercial Choice Travel program for the first time in the region.
The Visa Commercial Choice Travel program will support the travel industry in the UAE, MENA, Europe & the UK, with global issuance capabilities by allocating over AED 100 million ($27.2 million) to the program in the coming years.
The travel program 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 & settlements in multiple currencies.
This specialized travel program will enable travel companies to digitize and automate their payments within the travel sector, optimizing 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. Utilizing the Visa Commercial Choice Travel program, Qashio Corporate Travel’s 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, this partnership ensures high standards of protection for all B2B travel-related transactions.
Qashio’s Visa Commercial Choice Travel solution will also provide real-time data insights and analytics to make cashflow tracking and budgeting more precise. With an unlimited pool of customizable Qashio cards companies will gain full control and visibility over payments. Qashio’s direct-to-ERP integrations will enable travel companies to reconcile their booking transactions efficiently, reducing costs and maximizing revenue.
Armin Moradi CEO & Co-Founder Qashio
“We are committed to continue our joint growth with Visa, a global leader in payments innovation, to management. We recognize that the Travel & Tourism industry is key in the region however the travel companies are underserved with strong technical payment solutions that work in their favor, we are creating a one-stop platform that simplifies the corporate travel experience for our clients, allowing them to focus on what truly matters – growing their businesses.”
Salima Gutieva, Visa’s VP and Country Manager for UAE, said that, “Travel and tourism are key sectors driving growth and diversification of UAE and the region’s economies. Visa is delighted to partner with Qashio in bringing this innovative solution that leverages Visa’s technology, extensive network, and data analytics. This partnership reflects our commitment to providing secure and seamless payment solutions that enable the digital transformation and improve efficiencies of travel and tourism companies.”
