Flywire’s Expansion into Hospitality: A New Chapter in Travel Payments
Flywire Corporation, a leading global payments enablement and software company, recently announced its acquisition of Sertifi, a vertical software and payments platform specializing in digitizing hospitality-specific workflows and associated payments. This strategic move is expected to expand Flywire’s travel footprint into new subsegments of the travel and hospitality industry, including large-scale branded hotels, luxury hotels, and boutique accommodations.
Sertifi’s Integrations Augment Flywire’s Travel Payments Technology
Sertifi’s platform brings dedicated hotel software integrations into large, global Property Management Systems (PMS) and Events & Catering systems. These integrations will automate critical hospitality workflow processes, allowing Flywire to streamline payments and enhance the overall guest experience.
Accelerating Monetization of Billions in Annual Payments Volume
The acquisition opens up an opportunity for Flywire to accelerate the monetization of several billion dollars’ worth of payments volume that Sertifi’s platform has enabled annually. This significant increase in transaction volume is expected to contribute positively to Flywire’s revenue growth and market presence.
Impact on Consumers: Seamless Hospitality Payments
For consumers, the acquisition means a more seamless and efficient payment process when booking accommodations, particularly in the hotel sector. The integration of Sertifi’s technology into Flywire’s platform will enable real-time payments, simplified booking processes, and improved communication between hotels and guests.
Impact on the World: Digitizing Hospitality Payments
On a larger scale, this acquisition represents a significant step forward in digitizing hospitality payments and workflows. As the travel industry continues to evolve and adapt to changing consumer expectations, the ability to offer streamlined and convenient payment solutions is becoming increasingly important. Flywire’s acquisition of Sertifi is a testament to this trend and is expected to set a new standard for hospitality payments.
Conclusion: Flywire’s Commitment to Travel Payments
Flywire’s acquisition of Sertifi underscores the company’s commitment to the travel payments industry and its dedication to delivering innovative solutions that address the unique needs of various travel segments. By integrating Sertifi’s technology into its platform, Flywire is poised to offer a more comprehensive and efficient payment solution for hotels and travelers alike. As the industry continues to evolve, Flywire’s expansion into hospitality is a strategic move that is sure to leave a lasting impact.
- Flywire acquires Sertifi to expand travel footprint in hospitality sector
- Integration of Sertifi’s technology to streamline payments and enhance guest experience
- Acceleration of several billion dollars’ worth of annual payments volume
- Seamless payment process for consumers in the hotel sector
- Significant step forward in digitizing hospitality payments and workflows
