Amadeus B2B Wallet wins top innovation award

Amadeus was yesterday awarded a gold medal in the ‘Best B2B innovation’ category for its B2B Wallet product at PYMNTS.com’s prestigious Innovator Awards ceremony.

 

Amadeus B2B Wallet was launched last year and brought to market with two pioneers in FinTech innovation, Ixaris and Mastercard. The solution provides travel agencies with a simple and secure way to pay their suppliers using a fresh approach: virtual cards. With the product, travel agencies can choose the best payment method, reduce costs, earn revenue and make supplier payments more efficient.

 

The awards honour both new and seasoned payments players, running as part of the Innovation Project 2017, an event that brings together leaders in payments, commerce and retail each year for two days of discussions.

 

"The PYMNTS Innovation Awards celebrate the companies, and men and women, who have made the most significant contributions to innovation in payments and commerce in the past, and the entrepreneurs who have the most promising solutions for driving innovation forward,” according to Karen Webster, CEO of PYMNTS.com. “I’m very honored to be able to recognize these contributions at IP 2017."

 

 “We are honoured to have received such a distinctive recognition. B2B travel payments pose unique challenges which we have been able to crack thanks to the hard work and effort of the best minds in the industry. B2B Wallet is seeing promising pick-up across the world – and with it I can say virtual payments are here to stay in travel. We look forward to introducing it to more and more markets in the months to come” said Chiara Quaia, Head of Business Development for Amadeus Travel Payments.

 

Yesterday’s commendation follows another recent award that Amadeus B2B Wallet won with Ixaris at the Cards & Payments awards for ‘Best Business Card Programme’.