Qashio Partners with Visa to Launch Travel Program in the Region

Qashio, a provider of spend management solutions, has announced its strategic partnership with Visa, a global digital payments solution provider, to launch the Visa Commercial Choice Travel program in the region. This innovative B2B travel payment solution is set to transform the travel industry across the UAE, MENA, Europe, and the UK. With an investment of over AED 100 million planned for the coming years, the partnership promises to deliver cutting-edge corporate travel payment capabilities with global issuance.

The Visa Commercial Choice Travel solution will allow travel companies to issue Qashio cards and transact in multiple currencies, including AED, SAR, USD, EUR, and GBP. These cards, issued from the UAE, will simplify cross-currency payments and settlements for businesses. By digitizing and automating travel payments, the solution aims to optimize reconciliation, enhance liquidity, and streamline operations for travel companies.

This innovative program is seamlessly integrated with global travel management tools, including Global Distribution Systems (GDS), enabling secure and efficient travel bookings and payments. Leveraging Visa’s advanced payment infrastructure, the solution ensures a high level of security for all B2B travel-related transactions.

Since launching in the UAE in 2022, Qashio has quickly become a top provider of business finance solutions in MENA. With the Visa Commercial Choice Travel program, Qashio is poised to simplify corporate travel payments, reduce operational complexities, and support businesses of all sizes. The program also offers real-time data insights and analytics for precise cash flow tracking and budgeting. Customizable Qashio cards and ERP integrations provide travel companies with full visibility and control over their expenses, reducing costs and maximizing revenue.

Armin Moradi, CEO and Co-Founder of Qashio, emphasized the importance of the partnership: “We recognize that the travel and tourism industry is key in the region, but travel companies often lack robust technical payment solutions. Our collaboration with Visa allows us to create a one-stop platform that simplifies the corporate travel experience, enabling clients to focus on growing their businesses.”

Visa’s Vice President and Country Manager for the UAE, Salima Gutieva, highlighted the significance of the travel sector: “Travel and tourism are vital for the growth and diversification of the region’s economies. Our partnership with Qashio brings a groundbreaking solution that leverages Visa’s technology, network, and data analytics to enable digital transformation and improve efficiencies for travel and tourism companies.”

The Visa Commercial Choice Travel program by Qashio and Visa is set to redefine the corporate travel landscape by offering businesses a secure, efficient, and seamless way to manage their travel payments. This strategic initiative aligns with the growing demand for innovative solutions in the travel and tourism sector, reinforcing the importance of digital transformation in the region.