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What Trump’s WeChat Ban May Mean for the Travel Sector

An image of a WeChat app user. Many U.S. based travel companies are reviewing an executive order from President Trump that bans WeChat, a superapp owned by tech giant Tencent. Tencent Skift Take: Trump’s ban on the Chinese superapp WeChat may turn out to be a mere annoyance for many Chinese travelers. But it could […]

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Payments Firm for Airport Luxury Goods Shops Could Sell for $2.6 Billion

Woman with face mask shopping. Private equity firm Silver Lake disclosed concessions it offered to push through the $2.6 billion sale of its Swiss payments company Global Blue. Adobe Skift Take: Global Blue helps luxury goods shops at airports process purchases by international travelers. Private equity firm Silver Lake’s attempted sale of it looks likely […]

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Digital digital payments mobile payments payments Services travel

The Travel Sector Is Retooling Back-Office Payments in Response to the Crisis

Apple Pay is one of the newer forms of payment that travel companies need to accommodate. The travel sector’s slo-mo refund process during the pandemic has upended the dull business of how money is sent and received. Apple Skift Take: The travel sector’s slo-mo refund process has infuriated everyone. So the crisis is upending the […]

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Wex Buys Enett From Travelport for $1.7 Billion in a Travel Payments Mashup

A shot of Melissa Smith, Chair and CEO of payments company Wex, while speaking during a Ted Talk. Smith led the acquisition of eNett, a travel sector payments company. Wex Skift Take: With this deal, Wex now becomes a powerhouse in assisting business-to-business travel payments worldwide. The deal also gives cash to seller Travelport, which […]

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Japan Adopts New Payments Tech in Response to Chinese Tourism Boom

An image of a dish at a restaurant in Japan. The country’s restaurants and operators of activities and attractions are increasingly accepting the QR-code-based digital payment methods favored by Chinese tourists. Japan National Tourism Organization Skift Take: Americans and Europeans who used to scoff at QR-style bar codes are going to need to learn how […]

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$34 Billion Purchase of Worldpay May Shake Up Travel Payments

An image of a point-of-sale device powered by Worldpay, a payments technology company that has been bought by Fidelity National Information Services (FIS) will buy Worldpay in a $34 billion deal that will be one of the largest transactions yet in the fast-consolidating payments sector. Bloomberg Skift Take: Worldpay is of the biggest players in […]