Worldpay announced a partnership with Mastercard to introduce a Virtual Card Programme specifically for travel agents. This collaboration aims to enhance supplier payment efficiency and security within the travel industry.
The program will leverage Mastercard's Wholesale Programme, providing travel agents with virtual card technology to streamline their business-to-business transactions. This solution addresses the need for more secure and efficient payment methods in a sector with complex supplier relationships.
This initiative underscores Mastercard's commitment to expanding its virtual card offerings and strengthening its presence in commercial payments. The partnership is expected to bring operational benefits to travel agents by simplifying payment processes and reducing risks associated with traditional payment methods.
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