Qashio Partners with Visa in AED 100M Investment to Digitize Travel Payments


Sherpa Communications is pleased to support Qashio in announcing its strategic partnership with Visa, aimed at investing AED 100 million to transform payments for Online Travel Agencies (OTAs) and Travel Management Companies (TMCs).
Dubai, UAE, 06 January 2025 – Qashio has partnered with Visa to launch the Visa Commercial Choice Travel program for the first time in the region. With this innovative B2B travel payments solution, Visa and Qashio will support the travel industry in the UAE, MENA, Europe, and the UK, allocating over AED 100 million to the program in the coming years.
This travel solution allows companies to obtain Qashio cards and transact in multiple currencies, including AED, SAR, USD, EUR, and GBP, all issued from the UAE.
Qashio and Visa’s specialized solution will help travel companies digitize and automate their payments, optimizing reconciliation and enhancing liquidity. The solution integrates seamlessly with global travel management companies and their booking tools, including Global Distribution Systems (GDS), ensuring secure and efficient travel payments.
Since launching in 2022, Qashio has quickly established itself as one of MENA’s leading business finance providers. By utilizing Visa’s Commercial Choice Travel program, Qashio aims to streamline operations, reduce expenses, and support companies of all sizes in managing their travel payments.
This partnership guarantees high security standards for all B2B travel transactions. In addition, Qashio’s solution offers real-time data insights for accurate cashflow tracking and budgeting. With unlimited customizable Qashio cards, companies gain full control and visibility over payments. Direct-to-ERP integrations enable efficient reconciliation, reducing costs and maximizing revenue.