SUNRATE and Sabre team to enhance business payments in APAC
By Gloria Mathias
SUNRATE, the global payment and treasury management platform, and Sabre, a provider of software and technology have announced a new agreement that will help improve and automate the business payments experience for travel companies in the region.
As part of the agreement, SUNRATE’s virtual commercial cards (VCCs) will be integrated with Sabre’s Virtual Payments. This means that stakeholders such as Online Travel Agencies (OTAs) and Travel Management Companies (TMCs) on Sabre’s platform will be able to use SUNRATE’s VCCs for their business payment needs, such as payments to airlines, hotels, and suppliers worldwide.
Additionally, travel stakeholders are also able to scale and expand in the Asia-Pacific region seamlessly, given that SUNRATE VCCs allow the settlement of card spending in more than 15 currencies.
Shawn Qin, Head of Card Business, SUNRATE said, “For the past year, SUNRATE has been revolutionising travel B2B payments with a series of announcements, such as our strategic partnership with Agoda and the launch of new VCCs with Mastercard and Visa networks. We remain committed to continuously innovating our online travel solution offerings, and this partnership with Sabre puts us firmly on track to be the one-stop B2B partner for the travel industry.”
“We are pleased to partner with SUNRATE to enhance the payment experience of our B2B customers, expanding our virtual card offering in such an important market as APAC,” said Celia Pereiro, vice president of Sabre Virtual Payments at Sabre. “At Sabre, we are determined to meet the evolving needs of our customers in the travel industry, and investing in our virtual payments business has been a key part of that. We are now taking Sabre Virtual Payments to the next level with new partners and enhanced cutting-edge capabilities that automate the payment process and make it more secure, efficient, and easy. This agreement is another step towards our vision to create an open and independent payment ecosystem for the entire travel industry.”
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