SUNRATE, an intelligent global payments and treasury management platform, announced that it has partnered with Amadeus’ Outpayce that will help improve and automate B2B payments for travel companies worldwide, with a focus on the Asia-Pacific region (APAC).
Under the partnership, travel sellers (i.e. online travel agencies (OTAs) and travel management companies (TMCs)) can now generate and use SUNRATE virtual cards for their business payment needs, such as payments to airlines, hotels and other vendors via Outpayce B2B Wallet. Today’s partnership builds on a new strategic relationship to provide a fast, secure and automated way to pay and accept payments through Outpayce B2B Wallet using the virtual payment technology offered by Mastercard.
SUNRATE’s virtual cards enable card spending to be billed in more than 15 currencies, allowing travel sellers to easily scale and expand in Asia Pacific.
Coco He, executive director of SUNRATE, said“SUNRATE continues to strive to continually innovate its offering of online travel solutions, and this partnership with Outpayce puts us on track to become the one-stop B2B partner for the travel industry.”
Claudio Santos, commercial director, Travel Sellers, Outpayce of Amadeus, said
“At Outpayce, we are committed to offering a wide range of virtual card options within B2B Wallet so that agencies can pay their suppliers according to their strategy. The cards issued by SUNRATE offer compelling new options across APAC that will benefit our travel seller community.”
SUNRATE is certified to the international standard for financial data security: Payment Card Industry Data Security Standard (PCI DSS) Level 1.
Information about SUNRATE
SUNRATE is an intelligent global payments and treasury management platform for companies worldwide. Since its founding in 2016, SUNRATE has been recognized as a leading solutions provider, enabling companies to operate and scale both locally and globally in over 190 countries and regions with its state-of-the-art proprietary platform, extensive global network and robust APIs.
With its global headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE works with the world’s leading financial institutions such as Citibank, Standard Chartered, Barclays, JP Morgan and is the principal member of Mastercard and Visa.
To learn more about SUNRATE, visit https://www.sunrate.com/
Information about Outpayce
Amadeus makes the experience of travel better for everyone, everywhere by fostering innovation, partnerships and stewardship for people, places and the planet.
As a wholly owned company by Amadeus, Outpayce is the next step in scaling Amadeus’ payments business with new investments in talent, an open API platform and a license to provide new regulated payments services.
Outpayce creates a smoother end-to-end travel experience and makes travel payments easy. Our open platform, connecting FinTech and banking service providers to the entire travel ecosystem, enables customers and travelers to easily benefit from new advances in payments.
The Outpayce
In B2B payments, Outpayce orchestrates payments using a range of virtual cards, currencies and payment methods to optimize cost, acceptance and agility wherever a travel seller needs to pay a supplier.
Outpayce provides an end-to-end experience by continuing to collaborate with all Amadeus teams and embedding its features into all Amadeus applications. The future of travel is easy to pay for.
To learn more about Outpayce, visit www.outpayce.com.
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