SUNRATE, a leading provider of software and technology that powers the
global travel industry, and Sabre, a leading provider of software and technology that powers the global travel industry, announced a new agreement at Travel Tech Asia 2023 that will help improve and
automate business payments experience for travel companies in the region.
As part of the agreement, SUNRATE's virtual commercial cards (VCCs) will be integrated with Sabre's Virtual Payments. This means that stakeholders such as Online Travel Agencies (OTAs) and Travel Management Companies (TMCs) on Sabre's platform, are now able to use SUNRATE's VCCs for their business payments needs, such as payment to airlines, hotels and suppliers worldwide, as per Sunrate.
Furthermore, because SUNRATE VCCs allow the settlement of card expenditures in more than 15 currencies, travel stakeholders may smoothly develop and expand in the Asia-Pacific region.
Shawn Qin, Head of Card Business, SUNRATE said, "For the past year, SUNRATE has been revolutionising travel B2B payments with a series of announcements such as our strategic partnership with Agoda and the launch of new VCCs with Mastercard and Visa network. We remain committed to continuously innovate our online travel solution offerings and this partnership with Sabre puts us firmly on track to be the one-stop B2B partner for the travel industry."
