KUALA LUMPUR, June 26 (Bernama) -- WEX Inc, a leading financial technology service provider has partnered with Japanese travel company, Time Design to issue virtual cards to pay domestic and overseas suppliers.
Time Design is a white-labelled technology booking platform that enables hotels, airlines and online travel agents to sell travel packages on their own websites.
The virtual cards provide the travel company with the ability to pay the suppliers, namely hotels and airlines, in their preferred currency with a secure 16-digit virtual number.
The agreement will also reduce cross-border transaction fees, improve cash flow, reduce costs and increase efficiency and streamline payment reconciliation.
WEX commercial director (Asia Pacific), Richard Cogswell said the partnership was a very exciting development for WEX as the company looked towards growing global customer base and extend virtual payment capability into new markets across the region.
Time Design chief executive officer, Yuzo Takamatsu said the addition of WEX’s virtual payment technology into its booking platform would further elevate operational efficiency and strengthen position as an innovative player in the international travel market.
-- BERNAMA
No comments:
Post a Comment