Mastercard and Musafir to augment seamless travel bookings

Friday 27 May 2022 09:25 CET | News

Mastercard has partnered with UAE-based travel website Musafir to digitise end-to-end payment flows and launch new payment product with travel benefits.

According to an analysis by the Mastercard Economics Institute, if flight booking trends continue at their current pace, an estimated 115 million more passengers in Eastern Europe, Middle East, and Africa will fly in 2022 compared to the year prior. The research reveals that global leisure and business flight bookings have surpassed pre-pandemic levels with an estimated 1.5 billion more passengers predicted to fly in 2022 compared to 2021.

The two companies have signed an exclusive partnership to launch innovative payment products and solutions across the MENA region, benefiting both consumers and corporates. These will help digitise end-to-end payment flows, providing Musafir customers with travel benefits whilst equipping corporate clients with integrated travel expense management solutions.

Musafir is making moves in leveraging technology to simplify travel and enhance the customer experience. It launched an all-in-one Business Travel Management solution that seamlessly enables organisations to manage travel through automated approval workflows and travel policy compliance.

Musafir's Business Platform also gives organisations insightful reporting covering carbon emissions tracking, spend analytics, and more. Over 1,700 businesses are leveraging the Musafir Business Platform to realise savings of up to 20% on their annual travel spend, the company says. Musafir aims to expand its presence to four international locations by the end of 2022 to meet the demand for its services.

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Keywords: partnership, travel payments, MasterCard, digitalisation, spend management
Categories: Payments & Commerce
Companies: Mastercard, Musafir
Countries: Africa, Eastern Europe, Middle East
This article is part of category

Payments & Commerce




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