Initial partnership between MasterCard International and eNett
MasterCard Worldwide and eNett International signed a partnership agreement for the provision of payment solutions and reconciliation for the travel industry through the use of Virtual Account Numbers (VAN). The partnership aims to encourage high volumes of global payments for the next five years and defines MasterCard as payment partner exclusively for all VAN eNett generated in Europe.
“THE VAN eNett are already buying great momentum on the European market and this partnership reinforces further confidence in this product as a solution for the payment of travel in B2B – says Anthony Hynes, International Managing Director and CEO of eNett – We are very happy to be able to count on the full support from such an important player in the field of commercial payments “.
“Our companies are well aligned – added Hany Fam, President of MasterCard Strategic Alliances – Innovation triggered by the flexibility and eNett techniques capabilities, combined with the functionality of the network and enable MasterCard, will benefit all ‘ global travel. In a time when there is intense pressure to cut costs and boost profits, a payment technology as innovative as that of VAN eNett not only allow travel agents to focus on revenue generation rather than on administration, but it will also to reduce risks and help businesses make the most of the precious data in their possession. “
www.enett.com / mastercard
Tagged International eNett, MasterCard Worldwide, Virtual Account Numbers