Payment in travel and aviation is changing at an increasing pace; it could mean the end of plastic.
Developments in the world of travel payment are moving with increasing pace, with new methods such as Apple Pay and bitcoin following the mobile technology revolution that has already transformed this area of payment activity. In addition, further change will be sparked by new EU regulations in 2018 that will likely increase competition in payments, while also adding to the regulatory burden.
Cash is becoming increasingly rare as cashless payments dominate, while plastic (physical credit and debit cards) is starting to be replaced by virtual cards.
Kurt Knackstedt, CEO of Troovo and President of the Association of Corporate Travel Executives, told the ACTE-CAPA Global Summit in Oct-2017 that he had never seen such a pace of change in payments as in the previous 18 months.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.