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Replies to post #350240 on ORIONS Money Stocks
07/30/15 6:30 PM
07/30/15 6:44 PM
Pay-Travel integrates the existing financial instruments already used by the travel industry into a best-in-class, multi-channel, GDS-independent platform, which allows users to effectively manage all aspects of their payment needs in a flexible, easy-to-use solution.
About 60% of the world's 1 billion tickets are sold through GDS, with Amadeus being the largest player in the GDS space with 41% market share, Sabre is second with 28%.
By using proprietary "AVIA2SPLIT" technology in Pay-Travel, airline ticket sales are processed directly with GDS, avoiding acquiring bank fees and travel broker commissions processed by acquiring banks. By splitting acquiring flow Pay-Travel's solution helps travel agencies and airlines to significantly reduce acquiring costs.
