Qashio and Visa Partner for AED 100M Travel Payments

Qashio, a leader in spend management solutions, has joined forces with Visa, a global pioneer in digital payments, to introduce the Visa Commercial Choice Travel program in the region. This first-of-its-kind initiative will transform B2B travel payments, with Qashio and Visa allocating over AED 100 million to the program in the coming years. The collaboration aims to revolutionize travel industry payments across the UAE, MENA, Europe, and the UK, offering global issuance capabilities.

Multi-Currency Payment Capabilities

The new travel solution empowers travel companies to use Qashio-issued cards for transactions in multiple currencies, including AED, SAR, USD, EUR, and GBP. These cards, issued from the UAE, facilitate seamless payments and settlements across various currencies, enhancing flexibility and operational efficiency for businesses in the travel sector.

Digitization and Automation for the Travel Sector

By leveraging Qashio and Visa’s specialized payment solution, travel companies can digitize and automate their payment processes. This innovation optimizes reconciliation workflows and improves liquidity management. Furthermore, the solution integrates effortlessly with global travel management companies, booking tools, and Global Distribution Systems (GDS), ensuring secure and streamlined travel booking and payment processes.

Qashio’s Rapid Growth and Commitment to Innovation

Since its UAE debut in 2022, Qashio has rapidly positioned itself as a leading provider of business finance solutions in the MENA region. By introducing the Visa Commercial Choice Travel program, Qashio’s Corporate Travel offering aims to simplify travel-related operations, reduce expenses, and support businesses of all sizes in managing their travel payments efficiently.

Enhanced Security and Payment Control

The partnership leverages Visa’s robust and secure payment infrastructure, ensuring the highest standards of protection for all B2B travel transactions. This focus on security builds trust and reliability, essential for businesses handling large-scale travel payments.

Real-Time Insights and Financial Control

Qashio’s Visa Commercial Choice Travel solution goes beyond payment processing by providing real-time data insights and analytics. This feature enhances cashflow tracking and budgeting accuracy, empowering businesses to make informed financial decisions. With customizable Qashio cards, companies gain unparalleled control and visibility over their expenditures.

Seamless ERP Integration for Efficiency

Direct integration with enterprise resource planning (ERP) systems allows travel companies to reconcile booking transactions effortlessly. This reduces operational costs, maximizes revenue potential, and simplifies financial management. The solution’s efficiency ensures businesses can focus on growth while optimizing their travel payment processes.

“We are committed to continue our joint growth with Visa, a global leader in payments innovation, to management,” said Armin Moradi, CEO and Co-Founder of Qashio. “We recognise 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 favour, 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, “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.”