Voxel, a leader in the development of technology solutions for B2B payments and electronic invoicing, continues to expand its international presence with a collaboration agreement signed with TerraPay, a leading global money movement company. With this signing, TerraPay will be joining Bavel Pay, Voxel’s B2B payments solution with which it promotes the development of advanced payment integration solutions.
TerraPay’s virtual credit cards (VCCs) offer the possibility of paying instantly in 126 countries, as well as the ability to conduct transactions in 67 different currencies. Different type of companies can access these products as TerraPay does not require minimum amounts to begin working with them. Moreover, TerraPay also offers instant bank transfers, which are designed especially for companies that work with hotels that do not accept VCCs. “The integration of TerraPay in Bavel Pay is great news for our current and future clients because it expands options and more efficiently facilitates global payments”, explains Héctor Martín, Vice President of Global Sales at Voxel.
Koert Grasveld, Vice President – Payments at TerraPay said, “Our company has consequently found a strategic partner in Voxel, which will allow expanding our scope in the travel sector by accessing new partners and clients through Bavel Pay”.
In recent years, Voxel has expanded its ecosystem of partners for its B2B payments solution, as well as the regional scope of its value proposal, thereby demonstrating its continuous “commitment to simplifying payments in the travel industry” and allowing each client to make use of the service that best adapts to their needs and the territory where they operate.
“Bavel Pay is unique in the market. It is the first payment manager that, in addition to optimizing and simplifying B2B payments, offers a powerful rules engine and value-added services, such as electronic invoicing or currency exchange, whereby you can automate the comprehensive management of all your back-office processes through a single connection”, Martín explains.
Some of the companies that are already benefiting from TerraPay’s services through Bavel Pay, Voxel’s B2B payments solution, include Bedsopia, Prime Travel, Guest Incoming, Offerbeds, CN Travel, Panamericana Viajes, Ebooking Center, TUI Spain and Viajes Euromar.
Voxel recently joined the Amadeus IT Group, thereby seeking to create the largest payment partner in the travel industry. The inclusion of Voxel’s solutions in the current offer from Amadeus means access to a greater variety of payment services for travel agents and a more automated form of electronic management for tour operators, Travel Management Companies (TMCs), hotel aggregators, and hotels.
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