As transit systems move away from legacy payment methods like pay-as-you-go passes and toward contactless open-loop payments, it’s creating new commerce possibilities that not only benefit ridership and relieve urban congestion, but also promise greater financial inclusion. A study from the Visa Economic Empowerment Institute...
Airline executives are optimistic about demand for travel this year, even as ticket prices climb. A Wednesday (March 15) report by The Wall Street Journal quotes the CEOs of United Airlines and Delta, both of whom anticipate consumers will get the travel bug this year....
Uber and Lyft have landed a victory in their battle to treat drivers as contractors. In a ruling issued Monday (Mar. 13), California’s 1st District Court of Appeals said that the two ride-hailing firms and other companies like them can continue to treat drivers in...
Meep and LISNR have partnered on contactless authentications for bus, train and transit operators. This collaboration adds LISNR’s proximity verification technology to Meep’s mobility-as-a-service (MaaS) mobile app and platform capabilities, the companies said in a Monday (March 6) press release. “LISNR’s technology enhances the mobility...
Foreign exchange company Travelex has launched a wholesale banknote business in the Middle East. The new operation, announced Tuesday (Feb. 28), comes amid continued consumer demand for travel, which is in turn driving continued use of cash. According to a news release provided to PYMNTS,...
Some call it “revenge travel” but it’s really more of a “great escape.” This, at a time when inflation-flattened consumers are cutting back on everything — even the food they eat — yet somehow find the means to throw down for a week in … you...
Online travel agency Booking Holdings delivered a strong fourth quarter, driven in no small part by changes in its payments strategy and digital booking capabilities, notably its mobile app. On its Q4 2022 earnings call Thursday (Feb. 23), Booking Holdings CEO Glenn Fogel noted that...
Global mobility and urban services platform inDrive has raised $150 million for its continued expansion. The firm, which was formerly known as inDriver, said in a Monday (Feb. 20) press release that it would use the new capital to acquire and retain customers and support...
Voxel has partnered with Booking.com to deploy an invoice collection tool for the travel industry. TravelDailyNews reported Friday (Feb. 10) that the Spanish B2B payments firm and the travel website developed a tool to automate invoice collection to streamline reconciliation processes and ensure that invoices meet the legal requirements of...