back Back

Mystifly launches new payment solution with Diners Club International

By Leandra Monteiro

December 07, 2021

  • Airline
  • ATMs
  • Diners Club International
Share

MystiflyMystifly is launching MystiPay, a new payment and settlement solution for the travel industry, in partnership with Diners Club International. The new partnership sees Diners Club International as the payment facilitator for purchases made through MystiPay. MystiPay coupled with Mystifly’s ASRHub drives cost efficiency and unlocks new revenue opportunities for travel sellers.

MystiPay raises the bar in airline payment and settlement by building a profitable relationship between airlines and travel intermediaries in a more favourable way. It is geared towards ushering a revolution in the travel payments industry by maximising the value of payment incentives while removing the existing inefficiencies and challenges like payment risk and settlement time.

“We have always taken a holistic approach in solving the airline industry challenges. The partnership with Diners Club International complements our goal to reduce airline payment costs and settlement time for bookings done through Mystifly’s airline retailing platform,” said Rajeev Kumar, Founder & CEO, Mystifly.

Diners Club International, part of the Discover Global Network, is a global payments network that is accepted at nearly 40 million merchant locations and nearly 1.3 million ATMs in more than 200 countries and territories. The Discover Global Network includes Discover Network, Diners Club International, PULSE and more than 20 alliance partner networks across the globe.

“We are excited about the Mystifly partnership and the opportunity to offer the airline industry a new lower cost payment option. The partnership is testament to the important role Diners Club International has in the airline and travel space, offering benefits to travel intermediaries and airlines alike,” said Matt Sloan, Vice President of International Markets at Diners Club International. “We look forward to working with Mystifly on this new global initiative.”

Previous Article

December 06, 2021

5 notable FinTech funding rounds of 2021 in the Americas

Read More
Next Article

December 07, 2021

5 FinTech start-ups advancing the digital lending process in India

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Airline

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 Open Banking platforms shaping the future of financial data in the US

Read More

Today

TerraPay & Thredd to power virtual card payments for the travel industry

Read More

Today

Mexican FinTech unicorn Clip secures $100m investment

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023