Expanding its presence in the travel industry, Trustly teams up with Sabre Direct Pay for a new partnership
Trustly and Sabre Direct Pay Partner to Revolutionize Travel Payments
In a significant move to modernize travel payments, Trustly and Sabre Direct Pay have partnered to bring seamless, real-time bank payment solutions to the travel sector. This collaboration will enable travel businesses to offer Pay by Bank options that are faster, more secure, and more efficient.
The partnership allows Trustly to offer its Pay by Bank solution to a broad network of travel retailers via Sabre's Travel Marketplace platform. This platform provides travel retailers with access to multi-source content, retailing tools, and integrated financial service solutions, aiming to help them improve cash flow and simplify transactions.
Patricio Boccardo, managing director of Sabre Direct Pay, has expressed enthusiasm about the partnership with Trustly, stating that it brings a proven Pay by Bank solution into their ecosystem. Simon Eve, vice president of travel and e-commerce at Trustly, shared similar sentiments, expressing excitement about the collaboration.
The integration of Trustly's Pay by Bank solution into Sabre's Travel Marketplace platform is set to roll out in the coming months. This integration will allow for instantaneous fund transfers and real-time validation, speeding up transactions between travelers, agencies, and suppliers.
This partnership is expected to accelerate the adoption of Pay by Bank at a time when demand for more secure and efficient payment options is rising. The partnership will improve security and reduce fraud risk by using direct bank payments, which lowers exposure to fraud and chargebacks.
Streamlining travel operations and increasing trust are also key benefits of the partnership. Faster, more transparent payments help build confidence among travelers and service providers, minimizing delays and errors that can erode profitability and trust in the travel supply chain.
The partnership is a significant step in Trustly's growth strategy, enabling it to reach more businesses in the travel sector. By embedding Trustly’s Pay by Bank technology into Sabre’s widely-used travel distribution platform, the partnership accelerates industry-wide use of bank-to-bank payments in travel, a key step in mainstreaming Pay by Bank solutions.
The partnership offers an alternative to traditional card payments, which can be subject to high fees and security risks. The partnership follows a sharp increase in consumer appetite for Pay by Bank, with UK holiday spend using the method up 230% year-on-year in January.
Plans for a joint webinar later this year have been announced to showcase the benefits of the partnership to travel agencies and other industry stakeholders. This partnership represents an important move toward modernizing travel payments by leveraging real-time payments infrastructure, thus reducing payment friction and enabling smoother, faster transactions in one of the most complex and time-sensitive service sectors.
Further reading: Trustly joins forces with Paytweak to offer a new payment solution to European merchants.
- This partnership between Trustly and Sabre Direct Pay is set to revolutionize travel payments, incorporating Trustly's Pay by Bank solution into Sabre's Travel Marketplace platform.
- The collaboration aims to help travel businesses improve cash flow and simplify transactions, offering Pay by Bank options that are faster, more secure, and more efficient.
- The integration will allow for instantaneous fund transfers and real-time validation, minimizing delays and errors that can erode profitability and trust in the travel supply chain.
- By embedding Trustly’s Pay by Bank technology into Sabre’s widely-used travel distribution platform, the partnership accelerates industry-wide use of bank-to-bank payments in travel, a key step in mainstreaming Pay by Bank solutions.
- The partnership offers an alternative to traditional card payments, which can be subject to high fees and security risks, with the increase in consumer appetite for Pay by Bank solutions evident in the UK, where holiday spend using the method was up 230% year-on-year in January.
