The impact of baVel Pay on the industry

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Hotels, airlines, agencies, aggregators, credit card issuers, and financial technology companies are shaking up how they handle back-office payments. They’ve been rolling out new software and automated workflows to replace manual steps, cut costs for currency conversions, clamp down on fraud and defaults, and provide consumers with easier ways to buy trips. The latest sign of the upheaval is Voxel Group, a tech vendor for travel payments based in Barcelona, acquiring Troovo, a payments tech vendor in Sydney.

Skift

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BaVelPay incorporates connectivity with group decision support systems (GDS) and a decision engine, developed and patented by Troovo. The platform is described as a “fully digital end-to-end payment process without any manual intervention or friction”.

Travolution

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Users of baVel Pay now will be able to choose to pay suppliers with virtual cards generated via Troovo's technology among other options, including manually generated v-cards and bank transfers.

BTN

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"The acquisition of Troovo, its technology and its patent are the spearhead of a strategic plan that not only makes baVel Pay's Payment Manager the most powerful B2B payment platform in the travel industry, but also one of the most complete in the market in general.”

Phocuswire

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The company will keep Troovo’s offices in Sydney and Melbourne, while allowing it to expand into the Asia Pacific region. Voxel will continue working with Troovo customers, including Flight Centre, Webbeds and QBT.

PYMNTS