New B2B ‘closed-loop’ payment solution could significantly reduce the $20.3 billion airlines spent on payments in 2019, shows report from Nium. 14-page report ‘Closing the loop for air travel: a new payments model for airlines and online travel agencies.’ is free to download. Report follows launch of Nium Airline Payment (NAP), a B2B closed-loop solution signed-up for by Air Europa that avoids damaging surcharges and restricting non-acceptance policies.
New B2B payment innovation offers airlines $2 billion a year opportunity
