The solution developed by Wipro – a global information technology, consulting, and business process services company – aims to enable digital currency-based payments for the airline industry.
Travacoin is a digital payment system that enables airlines to refund and compensate passengers in a timely manner when a disruption occurs.
Passengers will be notified of a delay or cancellation and refunded in this digital currency, which can be used to repurchase airline tickets, book hotels, and avail other airport and travel related services. For passengers, the waiting time for compensations will be reduced, and they will be able to use Travacoins at retail stores in and around the airport.
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