Sunrate and Saber Sign Agreement to Improve Payments in Asia Pacific

2023-10-25 02:02:04

Singapur (ots/PRNewswire) – Sunrate, the intelligent global payments and treasury management platform, and Saber, a leading provider of software and technology for the global travel industry, announced a new agreement at Travel Tech Asia 2023 that will help streamline payments for Improve and automate travel businesses in the region.

As part of the agreement, Sunrate’s virtual trading cards (VCCs) will be integrated into Sabre’s virtual payment system. This means that players such as Online Travel Agencies (OTAs) and Travel Management Companies (TMCs) on Saber’s platform can now use Sunrate’s VCCs for their business payment needs, such as: B. for payments to airlines, hotels and providers worldwide.

Additionally, travel players in the Asia Pacific region can scale and expand seamlessly as Sunrate VCCs enable card spend settlement in more than 15 currencies.

Shawn Qin, Head of Card Business at Sunrate, said: “Over the past year, Sunrate has revolutionized B2B travel payments with a series of announcements such as our strategic partnership with Agoda and the launch of new VCCs with the Mastercard and Visa networks. We remain committed to continually innovating our offering of online travel solutions and this partnership with Saber puts us on track to become the one-stop B2B partner for the travel industry.”

“We are pleased to partner with Sunrate to improve our B2B customers’ payment experience and expand our virtual card offerings in such an important market as APAC,” said Celia Pereiro, Vice President of Saber Virtual Payments at Sabre. “We at Saber are committed to meeting the evolving needs of our customers in the travel industry, and investing in our virtual payments business is an important part of that. We are now taking Saber Virtual Payments to the next level with new partners and enhanced, cutting-edge features that automate the payment process and make it safer, more efficient and simpler. This agreement is another step towards our vision of creating an open and independent payment ecosystem for the entire travel industry.”

Sunrate is a principal member of the Mastercard and Visa network and is certified to the international standard for financial data security: Payment Card Industry Data Security Standard (PCI DSS) Level 1.

Information about SUNRATE

SUNRATE is an intelligent global payments and treasury management platform for companies worldwide. Since its founding in 2016, SUNRATE has been recognized as a leading solutions provider, enabling companies to operate and scale both locally and globally in more than 190 countries and regions with its state-of-the-art proprietary platform, extensive global network and robust APIs. With its global headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, Sunrate works with the world’s leading financial institutions such as Citibank, Standard Chartered and Barclays and is a principal member of Mastercard and Visa. To learn more about Sunrate, visit https://www.sunrate.com/.

Information about Saber Corporation

Saber Corporation is a leading software and technology company supporting the global travel industry and serving a wide range of travel companies, including airlines, hoteliers, travel agents and other suppliers. The company provides retail, distribution and fulfillment solutions that help its customers operate more efficiently, increase revenue and deliver personalized travel experiences. Through its leading travel marketplace, Saber connects travel providers with buyers from around the world. Saber’s technology platform manages more than $260 billion in global travel spend annually. Saber is headquartered in Southlake, Texas, USA, and serves customers in more than 160 countries around the world. Further information can be found at www.sabre.com.

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