Tuesday, June 25, 2024

FinMont Partners with Leading Payment Gateway Firm, PayCompass to Strengthen Travel Merchants Payment Solutions Across the US

Global payment orchestration platform FinMont has announced a new partnership with leading US payment gateway firm, PayCompass. This new alliance will see FinMont add the innovative payment solutions to its global ecosystem, facilitating and offering merchants a trusted payment gateway in the US.

The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes. The firm’s mission is to help travel merchants use payments as a strategic tool to stand out from competitors.

Founded by fintech experts tired of having limited and inflexible product offerings for their clients, PayCompass specializes in providing payment products tailored to travel agencies. Their solution helps OTAs accept payments in multiple currencies, manage risk, and generate virtual cards to earn revenue while paying suppliers.

The FinMont platform aims to revolutionise payments by connecting multiple banks and providers through one simple gateway. The partnership with PayCompass will allow the global payment platform to incorporate the market-leading and innovative payment gateway into its eco-system allowing travel merchants to benefit from the flexible payment solutions offered by the firm.

Suby Valluri, CEO of FinMont, commented, ‘We are pleased to announce this strategic partnership with PayCompass and incorporate their payment gateway into our global ecosystem. This strategic partnership will allow the FInMont team to offer the virtual card-issuing and other solutions to our international client base.”

Shan Abbasi, Director of Business Development at PayCompass added, “We are excited to be able to partner with the FinMont platform and incorporate our tailored travel payment solutions into their extensive ecosystem for the travel industry. Our solution will give merchants access to our payment gateways and our flexible, secure and easy-to-use virtual card issuing solution.”

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