Travel Industry Can Benefit from Mobile Payments

Mobile payments when traveling can be very useful because you don’t have to rely on slow payment methods when you need money immediately. The travel industry spends $75 billion annually on payments but has still been extremely reluctant to tap into developing its own payments system.

The PYMNTS-Amadeus research found that only 15 percent of all travel companies have attempted new payment innovations over the last three years, let alone succeeded.

PAymnts

Countries like Finland are already offering Chinese tourists the promise of a totally cashless experience by incorporating AliPay into their shopping outlets. With more and more options for digital payments being available worldwide, the travel industry will have to do more to offer mobile payments and other easy options for travelling individuals.

Read more here: Room for trendy, foolproof travel payment systems as consumer payments landscape evolves.