Posted on: 16 November 2015 by Mark Howells
AirAsia has signed an agreement with eNett International which will allow agents to forgo current surcharges applied to traditional credit card payments by purchasing the airline’s flights using Virtual Account Numbers (VANs).
Under the terms, AirAsia will add VANs as a payment option in its own agency booking platform as well as accepting them through Travelport’s Travel Commerce Platform. Using the solution, agents will save over 70% on fees themselves as well as reducing AirAsia’s processing costs. The service will be rolled out in Australia in early 2016, applying to AirAsia X flights before being extended to other brands and markets globally throughout 2016.
An eNett VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default.
AirAsia’s group head of sales, Rayner Teo Kheng Hock, averred, “We’re committed to offering the most competitive fares in the market. Reducing the cost of booking means agents can use these savings to offer the lowest prices to their customers. It also means we can reduce the cost of processing payments and incentivise agents to book with us, keeping our cost base down and supporting our rapid expansion globally.”
“I am pleased to be able to support AirAsia with its ambitious growth plans,” stated eNett’s managing director and CEO, Anthony Hynes. “Through VANs, AirAsia gains access to a broader range of agents, while receiving immediate and guaranteed payment. For agents, paying by VANs reduces costs, while gaining significant efficiency gains through integration. The end result is agents can spend more time and resources growing their own businesses. This partnership illustrates how implementing innovative B2B payment models and technology can bring tangible benefits for the industry as a whole.”