We've partnered with Paxport, the Travel Technology and Services giant, to provide a new flexible payment solution for online travel agencies (OTAs) and tour operators.
Modulr’s digital payment accounts will enhance Paxport’s new payment service, Pax2Pay, by enabling customers to pay out using multiple payment methods and currencies, including virtual cards, Faster Payments, SEPA, with more coming soon.
“Payments should be simple – they’re the lifeblood of any business,” said Tony Barker, CEO at Paxport. “Each year we process over £300m of travel commerce transactions and it’s important we remain at the forefront of faster, easier and more reliable payments by partnering with a Financial Conduct Authority (FCA)-regulated payments provider that is innovating on the back of recent regulatory changes, such as PSD2. The travel industry is extremely competitive, and we have to ensure we’re constantly improving the level of service to our global clients.
“Modulr is not burdened by legacy systems, meaning we receive a range of benefits that other financial technology companies simply cannot provide in one place. Integrating its API into our search and booking software will enable us to provide an experience that is flexible, easy to manage, and saves significant expenditure."