MakeMyTrip and Oyo Downplay India Regulatory Probe

Pictured is the Jai Mahal Lake Palace. Jaipur, India. MakeMyTrip pledges to cooperate with an regulatory probe in India about its relationship with budget hotelier Oyo. Jai Mahal Lake Palace Skift Take: MakeMyTrip definitely faces some near-term challenges, but it doesn’t consider a recently announced regulatory probe in India to be one of them. — … [Read more…]

Facebook Urged to Place Libra Cryptocurrency Initiative on Hold

U.S. House Financial Services Committee Chairwoman Maxine Waters wants Facebook to solve a plethora of other issues before it entertains developing the Libra cryptocurrency. Bloomberg Skift Take: If the Facebook-inspired Libra cryptocurrency were ever to be one of the solutions travel and other companies might deploy to resolve global payment issues, they might want to … [Read more…]

Skift Tech Forum Video: Why Payment Strategy is Key to Travel’s Frictionless Future

Skift Take: A smart payments strategy sits at the heart of any successful travel business. But too many companies take this hidden infrastructure for granted in their decision-making. In this conversation with executives from Visa, we get a better sense of the evolving role that payments technology plays in today’s frictionless travel experience. — SkiftX … [Read more…]

Skift Forum Asia Video: How APAC is Transforming the Global Payments Landscape

Skift Take: Mobile payments are already commonplace in parts of Asia — China particularly — but as travelers adopt these tools, travel companies will need both local expertise and deep technological capabilities to make sure their guests can pay when and how they like. — SkiftX Read the Complete Story On Skift

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Facebook co-founder and CEO Mark Zuckerberg is behind the planned launch of a new digital currency, Libra. Lionel Laurent / Bloomberg Skift Take: Cryptocurrency is only in its early days, but already it’s easy to see how its mission to democratize the financial system might be co-opted. And do currency reformers really need Facebook, with … [Read more…]

Max Levchin’s Affirm Raises $300 Million for Payments Tech

Affirm CEO Max Levchin spoke at Skift Tech Forum in June 2018 in Silicon Valley. Levchin has raised $800 million to grow Affirm, a startup that helps lets consumers pre-qualify for loans to buy flights and more. Skift Skift Take: With this investment, PayPal co-founder Max Levchin has raised $800 million to grow Affirm, which … [Read more…]

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 … [Read more…]

$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 … [Read more…]