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How Industry-Tailored Data Eases Travel’s B2B Payments Pains - Pymnts
The travel industry has a long, arduous path ahead, and it’s unclear what the sector will look like as it endures a painful period of disruption.
When consumers will feel comfortable flying, or whether corporates will still find value in business trips after teleconferencing for months, remains to be seen.
Despite the gloom, there is room for optimism as markets begin to cautiously ease travel restrictions. Regardless of what the future holds, the travel industry will need to adapt, and changes won’t only occur on the front end.
Back-end processes like payments and cash flow management are a significant opportunity for travel industry players to modernize and promote efficiency. Speaking with PYMNTS, PayParc Global Solutions Founder Taylan Taspinar discussed the sector’s dire need to upgrade its B2B payments strategy after a yearslong lag in innovation — and why not just data, but industry-specific data, is essential to combating friction.
The travel industry has a long, arduous path ahead, and it’s unclear what the sector will look like as it endures a painful period of disruption.
When consumers will feel comfortable flying, or whether corporates will still find value in business trips after teleconferencing for months, remains to be seen.
Despite the gloom, there is room for optimism as markets begin to cautiously ease travel restrictions. Regardless of what the future holds, the travel industry will need to adapt, and changes won’t only occur on the front end.
Back-end processes like payments and cash flow management are a significant opportunity for travel industry players to modernize and promote efficiency. Speaking with PYMNTS, PayParc Global Solutions Founder Taylan Taspinar discussed the sector’s dire need to upgrade its B2B payments strategy after a yearslong lag in innovation — and why not just data, but industry-specific data, is essential to combating friction.