FinMont, the global payment orchestration platform designed specifically for the travel industry, announced a strategic partnership with Azupay, Australia’s leading provider of real-time payment solutions powered by PayID. This collaboration aims to deliver a next-generation payment ecosystem tailored to travel businesses’ unique needs while driving innovation and enhancing fraud prevention. Travel Industry payments finmont

In 2025, the travel industry is experiencing significant transformations in payment systems, driven by technological advancements and evolving consumer expectations. Key trends include:

1. Expansion of Contactless and Mobile Payments

Travelers increasingly prefer seamless payment methods. For instance, VIA Metropolitan Transit has implemented contactless fare boxes, enabling passengers to pay using mobile wallets like Apple Pay and contactless cards, thereby enhancing convenience and reducing boarding times.

2. Integration of Alternative Payment Methods (APMs)

To cater to diverse payment preferences, travel companies are adopting APMs such as Buy Now, Pay Later (BNPL) services. These options provide flexibility, allowing travelers to book immediately and pay over time. However, while BNPL can make travel more accessible, it also carries risks like potential debt accumulation if not managed responsibly.

3. Emphasis on Payment Flexibility and Personalization

Travelers seek payment options that align with their preferences, including the ability to split payments among multiple cards or travelers. Air Europa, for example, has adopted split payment technology, enabling customers to share costs, thereby enhancing the booking experience.

4. Adoption of Real-Time Payment Systems

The integration of real-time payment solutions is becoming more prevalent. Mercado Pago, the fintech arm of MercadoLibre, has incorporated Brazil’s instant payment system, Pix, into its services in Argentina. This allows Brazilian tourists to transact seamlessly, reflecting a broader trend of cross-border payment innovations in the travel sector.

5. Leveraging Artificial Intelligence (AI) for Payment Optimization

AI is being utilized to enhance payment processes by analyzing data to provide personalized recommendations and detect fraud. Travel companies are investing in AI-driven solutions to streamline transactions and improve customer experiences.

6. Focus on Security and Compliance

With the rise of digital payments, ensuring robust security measures is paramount. Travel companies are implementing advanced fraud detection systems and adhering to regulatory standards to protect customer data and maintain trust.

These trends indicate a shift towards more flexible, secure, and customer-centric payment solutions in the travel industry, aiming to enhance the overall traveler experience.

Travel Industry payments and Finmont

FinMont was established by the founders of Germany’s Hahn Air to simplify B2C and B2B payment processes for the travel industry. By providing a single, unified view of all payments, FinMont enables travel merchants to streamline operations and address inefficiencies more effectively.

Azupay, a pioneer in real-time payments, is redefining transaction efficiency with its PayID-based solutions, enabling businesses to process instant, secure, and seamless payments. Designed to enhance fraud prevention and streamline reconciliation, Azupay’s technology is particularly suited to the travel industry, addressing key payment challenges and improving operational efficiency for merchants.

This partnership reflects the shared commitment of FinMont and Azupay to disrupt traditional payment processes and equip travel businesses with cutting-edge solutions. By integrating Azupay’s real-time payment technology, FinMont will empower its network of global travel merchants with faster, safer, and more efficient payment options, reducing payment risks and enhancing customer experience.

Suby Valluri, CEO of FinMont, commented,

“We are thrilled to partner with Azupay to revolutionise payment processes in the travel industry. Azupay’s real-time payment capabilities align perfectly with our mission to simplify and optimise payments for travel merchants, ensuring they remain competitive in a rapidly evolving marketplace.”

Trent Daniel, Chief Customer Officer, Azupay, added:

“Our partnership with FinMont represents a significant step in delivering real-time, secure, and reliable payment solutions to the travel sector. Together, we aim to tackle the challenges of traditional payment systems and provide travel merchants with the tools they need to succeed.”

Earlier in February 2025, FinMont joined forces with PRECISION, a risk management solution specializing in fraud prevention. This collaboration addresses the significant issue of payment fraud in the travel industry, which, according to an MRC report, costs airlines approximately 3.1% of their annual global eCommerce revenue. By integrating PRECISION’s fraud prevention technology into its platform, FinMont provides travel merchants with a robust defense against payment fraud, ensuring a secure and reliable payment experience for their customers.

The Payments Group (TPG) Alliance

In October 2024, FinMont announced a strategic partnership with The Payments Group, a payment solution provider known for its innovative cash and e-voucher payment solutions. This collaboration enhances FinMont’s payment ecosystem by integrating TPG’s services, offering more flexibility and improved payment capabilities for FinMont’s global network of travel industry merchants. The integration of TPG’s cash payment and e-voucher solutions allows travel merchants to cater to a broader customer base and reduce payment processing complexities.