Visa has partnered with UAE-based spend management company Qashio to introduce the Visa Commercial Choice Travel programme, a groundbreaking B2B travel payments solution. Targeting the travel and tourism sector in the UAE, MENA, Europe, and the UK, this initiative brings global issuance capabilities, catering to businesses that require seamless cross-border transactions. With over AED 100 million ($27 million) allocated for its growth over the coming years, the programme reflects Visa’s commitment to innovation in corporate payment solutions.
The Visa Commercial Choice Travel programme enables travel companies to obtain Qashio cards that support multiple currencies, such as AED, SAR, USD, EUR, and GBP, with card issuance handled directly from the UAE. The system also supports multi-currency payments and settlements, ensuring businesses can manage their financial operations smoothly across borders. Clients benefit from the platform’s ability to digitise and automate payments, optimise reconciliation processes, and enhance liquidity management. Integrated with global travel management companies and booking tools, the solution offers enhanced functionality, transforming how corporate payments are handled.
In addition, Visa Commercial Choice Travel provides real-time data insights and analytics, giving businesses greater precision in tracking cash flow and budgeting. This powerful combination of automation and insights creates a streamlined financial ecosystem for travel companies.
Armin Moradi, CEO of Qashio, shared his perspective on the partnership: “We recognise that the Travel & Tourism industry is key in the region; however, travel companies are underserved with strong technical payment solutions that work in their favour. We are creating a one-stop platform that simplifies the corporate travel experience for our clients, allowing them to focus on what truly matters—growing their businesses.”
With a focus on improving operational efficiency and reducing complexities, this collaboration represents Visa and Qashio’s commitment to empowering travel companies with robust financial solutions.