MANAMA, Bahrain and
LONDON, Aug. 27, 2019 /PRNewswire/ -- Apiso and Sabre
Corporation (NASDAQ: SABR), the leading technology
provider to the global travel industry, announced today a long-term
partnership to increase virtual payments adoption in the travel
industry across the Middle East
region.
The partnership, and resulting technical integration between
Apiso and Sabre, will promote Apiso's unique product offering as
the preferred payment solution for Sabre Virtual Payments'
customers in the fast-growing Middle
East. It will also enable Sabre to scale the volume of
payment transactions processed through its global distribution
system (GDS) and other technology solutions globally.
"Sabre's virtual payment technology and its extensive
distribution reach coupled with Apiso's advanced technical
solutions and payment integrations will enable us to jointly
deliver compelling products to help regional and international
travel companies to optimize their payments workflow, drive revenue
and profitability," said Andrew
Sims, director, Apiso. "We are excited about this
partnership that will provide advanced, reliable, secured and
flexible virtual payment solutions to the region."
Sabre Virtual Payments' network of strategic banking partners
enables it to effectively meet specific regional needs while
providing a comprehensive global solution.
"Sabre Virtual Payments continues to expand our strategic
partnerships to ensure a comprehensive solution that optimizes
travel payments globally," said Salman
Syed, vice president, Sabre EMEA. "Our partnership with
Apiso helps us deploy Sabre Virtual Payments with flexible
facilities such as multi-currency and multi-channel options,
increase the value of our regional offerings in the Middle East and provide customers with a
global payment solution that meets their specific payment
needs."
Apiso works with back-end financial services providers that are
members of the global payment schemes to automate the provision and
administration of virtual cards for B2B supplier payments across
multiple industry segments.
About Apiso
Apiso's Advance Payment Integration solutions are setting new
standards in multi-currency multi-channel B2B virtual card (VCN)
payments. The company's advanced technologies enable customers and
distribution partners to access multi-currency B2B VCN payment
services across multiple channels including API, web, and
integration with Global Distribution Systems (GDS) and other travel
technology companies. The combination of its services and unique
consultative approach enables its customers to optimize outbound
payments in order to drive new revenues, decrease costs and FX, and
increase profitability.
About Sabre Corporation
Sabre Corporation is the leading technology provider to the
global travel industry. Sabre's software, data, mobile and
distribution solutions are used by hundreds of airlines and
thousands of hotel properties to manage critical operations,
including passenger and guest reservations, revenue management,
flight, network and crew management. Sabre also operates a leading
global travel marketplace, which processes more than US$120
billion of global travel spend annually by connecting travel
buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more
than 160 countries around the world.
Media Contacts:
Andrew
Sims
Director
Apiso
andrew.sims@apiso.io
Fatin Said
Corporate Communications
Sabre
fatin.said@sabre.com
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SOURCE Sabre Corporation