UAE – Mubasher: Dubai-based fintech company Qashio has entered into a strategic partnership with Visa to launch the Visa Commercial Choice Travel programme for the first time in the region.
With this innovative business-to-business (B2B) travel payments solution launch, the two companies will support the travel industry in the UAE, MENA, Europe, and the UK, according to a press release.
Qashio and Visa will allocate more than AED 100 Million to the programme in the coming years.
The travel solution will allow travel companies to obtain Qashio cards and transact in different currencies, including AED, SAR, USD, EUR, and GBP.
The solution is seamlessly integrated with global travel management companies and their booking tools including Global Distribution Systems (GDS).
Since launching in the UAE in 2022, Qashio has established itself as one of MENA’s top providers of business finance solutions, meeting the evolving financial needs of current businesses.
Armin Moradi, CEO and Co-Founder of Qashio, noted: “We recognise that the Travel and 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,” Moradi added.
Salima Gutieva, Visa’s VP and Country Manager for UAE, stated: “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.”
