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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.