Pax2pay inks payments partnership with travel technology specialist Ypsilon

More than 5,000 customers globally use the the Frankfurt-based firm’s e-travel solutions

by Kaia Hicks

Travel payment solutions provider Pax2pay has announced a new partnership with German technology firm Ypsilon.

The partnership will see Ypsilon’s technology and airline content for the travel industry combined with the digital payment solution developed by Pax2pay.

Pax2pay says its technology has been built to offer flexible payment method to airlines, hotels, OTAs, hotels and travel agents in multiple currencies.

It supports both virtual cards and bank transfers to address the complex nature of payments in the travel industry.

Dave Robinson, chief commercial officer at Pax2pay, said: “This is an exciting development for Pax2pay.

“Ypsilon is a highly respected Travel Technology provider and we are looking forward to working with the Ypsilon team and their clients.”

Pax2pay claims to be able to eliminate reconciliation issues with accurate reporting and provides funding accounts to each individual business.

Patrick Coulomb, vice president of sales and marketing at Ypsilon, added: “The Pax2pay digital solution is the ideal solution for our clients, using the very latest Fintech digital frameworks and Open Banking together with features that are clearly designed for the highly complex world of travel.”

Frankfurt-based Ypsilon is a global provider of internet travel technology for airlines, consolidators, travel portals and travel agencies.

More than 5,000 customers and 60,000 internet portals across the world use its e-travel solutions.