With Nuvei building customised solutions on its technology designed for some of the largest companies in the industry, through this partnership, Virgin Atlantic is looking to provide customers with a frictionless payment experience, enabling them to pay using their preferred payment method globally.
As part of the agreement, Virgin Atlantic will be given access to Nuvei’s proprietary modular platform, which is designed for boosting acceptance rates and accelerating revenue, with the agreement marking the latest in a series of partnerships with travel companies of the likes of Air Transat, Scott Dunn, and Selina, amongst others.
Nuvei representatives have advised in the company’s press release that the partnership in this space is reflective of their commitment in accelerating business for the travel industry, with the fintech looking forward to providing customers of Virgin Atlantic with improved, localised, and intuitive digital payment experiences that are ‘fit for a modern world’. A Virgin Atlantic spokesperson, when commenting on the partnership, advised that they selected Nuvei as a payment partner as they believe strategic payments to help accelerate revenues, as they represent a key touchpoint with their customers. Furthermore, the airline believes that Nuvei’s global payment expertise is complemented by their human approach to doing business, stating that they are looking forward to taking their payment strategy to another level and accelerate their business growth.
As per information gathered by Statista and quoted in the company’s press release, the global travel industry is projected to have its market volume reach USD 992.10 billion by 2026, with 73% of the total revenue thought to be generated by 2026 through online sales, thus making digital payments instrumental for the industry’s growth.
Virgin Atlantic was founded in 1984, having innovation and customer service at its core; headquartered in the UK, the company has 6,500 employees worldwide, flying customers to 27 destinations across four continents.
In February 2020, Air France-KLM, Delta Air Lines and Virgin Atlantic launched an expanded Joint Venture, offering a comprehensive route network, convenient flight schedules, competitive fares, and reciprocal frequent flyer benefits, such as the ability to earn and redeem miles across all carriers.
Nuvei is a Canada-based fintech company that aims to accelerate the business of clients around the world. Its modular, flexible, and scalable technology enables companies to accept next-generation payments, offer all payout options and benefit from services of the likes of card issuing, banking, risk, and fraud management. Nuvei connects businesses to their customers in over 200 markets, with local acquiring in over 45 markets, 150 currencies and more than 585 alternative payment methods, providing the technology and insights necessary for customers and partners to succeed both locally and globally with one integration.
In recent months, Nuvei has been on a client portfolio expansion campaign, with the company having become a payment partner for a series of companies.
Early in November 2022, the company announced their collaboration with UK-based marketplace OnBuy as a local and cross-border payments partner. Furthermore, in the same month, Nuvei partnered with Japan-based credit card network JCB International to enable JCB acceptance across its global merchant ecosystem.
In October 2022, the fintech was selected by US-based truck dealer Vanguard Truck Centers as a payment provider to help accelerate the growth of the company’s multi-regional truck dealer group, and by iGaming operator Lottomatica as a payment technology supplier. Earlier that same month, the company also made public the launch of a Software Developer Kit (SDK) solution, Simply Connect, a ready-to-use, fully customisable payments interface aimed at enabling businesses’ scalability.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now