Money Mobility Tracker®: Travel Tips: Instant Payments for Tips and Payouts in Travel and Hospitality

Travel Firms Take Financial Hit From Outdated Payments Systems

Money Mobility Tracker®: Travel Tips: Instant Payments for Tips and Payouts in Travel and Hospitality

Just as travel and hospitality are regaining momentum, outdated payment systems now risk derailing their progress, cutting into profits and pushing workers to competitors. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, highlights the urgent need for faster, instant payouts to streamline finances, retain staff and satisfy customers.

Inside the August Tracker

  • Travel is on track to achieve record spending this year, but workers in the travel and hospitality sectors still face challenges due to slow payouts from legacy payment systems.
  • Travel and hospitality businesses that fail to meet demands for digital payments face profit declines, employee dissatisfaction and other issues.
  • Travel and hospitality firms worldwide are adopting new instant payment technologies to improve logistics for their employees.

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