Mint Payments Limited targets travel industry in partnership with CVFR.
ASX-listed Mint Payments Limited has just announced a five year supply and distribution agreement with CVFR Travel Group.
The deal will cover the full spectrum of payment types, including but not limited to credit card, debit card and EFTPOS initially, followed by bank transfer, foreign exchange and virtual card payments.
CVFR Travel Group Managing Director Ram Chhabra said CVFR Payments would become a whole new business division for the group, with the solutions offered to any agent, hotel, wholesaler, tourist attraction or any other business in the travel and tourism sector – alongside the company’s existing network of over 700 travel agencies.
“By utilising the Mint-CVFR co-branded solution, travel agents will benefit from increased cost efficiencies through automation, alternative payment options with more competitive pricing structures, and premier customer service support,” he said.
Mint Payments CEO Alex Teoh said the company looked forward to working with CVFR “to provide travel agents with our enhanced and intuitive product suite that has been proven to boost efficiencies and reduce costs – an essential requirement for businesses operating in the ‘new normal’ post-COVID”.
More details in today’s issue of Travel Daily.