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SeerBit and Sabre to address payment challenges in travel sector
SeerBit, a leading Pan-African payment solutions provider, has announced a strategic partnership with Sabre. Sabre is a global technology leader for the travel industry. This collaboration aims to enhance payment processing across web, mobile, and offline channels for Sabre’s clients. The deal covers airlines, travel agencies, and service providers. The integration of SeerBit’s advanced payment infrastructure will offer seamless, secure, and efficient payment processing. All of these will help in transforming the travel experience for businesses and travelers alike.
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Addressing Persistent Payment Challenges in the Travel Industry
The travel industry faces ongoing payment hurdles that hinder growth. This is in spite of contributing nearly $10 trillion to the global economy in 2023, equivalent to 9.1% of global GDP. These hurdles include complex cross-border transactions, fragmented payment methods, and security concerns. Others are pricing transparency, interoperability issues, and chargeback management. With the sector projected to contribute $16 trillion to the global economy by 2034, there is an urgent need for streamlined payment solutions that can bridge these gaps and unlock the industry’s full potential.
Empowering Travel Businesses with Seamless Payment Capabilities
The SeerBit and Sabre partnership addresses these challenges head-on by integrating SeerBit’s payment technology into Sabre’s travel platform. This integration will enable real-time, frictionless payments for bookings, reservations, and other services, while ensuring compliance with local and international regulations. Sabre’s clients across Africa and beyond will benefit from faster, more efficient transactions across multiple payment platforms, enhancing the overall travel experience.
At the recent announcement, Omoniyi Kolade, Founder and CEO of SeerBit, highlighted the significance of the partnership. “This collaboration with Sabre comes at a pivotal moment for the travel industry. Our advanced payment solutions are uniquely designed to simplify complex processes. By integrating with Sabre’s platform, we are providing travel businesses with the tools they need to enhance their services and deliver delightful customer experiences. We are confident that this partnership will accelerate the evolution of the global travel ecosystem.”
Strengthening Africa’s Travel Ecosystem Through Innovation
Sabre’s Senior Regional Director for Central West Africa, Dare Olayiwola, emphasized Africa’s importance as a key growth market. “We are excited to partner with SeerBit to engineer innovative payment capabilities that empower African travel businesses. This alliance will support the evolving travel ecosystem across the continent, making secure and efficient payment processing accessible to all stakeholders.”
The partnership between SeerBit and Sabre is set to bring substantial benefits to the travel industry, offering unparalleled efficiency in transaction management. By integrating cutting-edge payment solutions, the collaboration aims to drive digital transformation and support sustainable growth in the African travel market.
About SeerBit and Sabre: Driving Digital Payment Adoption
SeerBit is dedicated to simplifying digital payments for businesses across Africa by providing a unified platform that supports multiple payment methods. With operations in several African countries, SeerBit is driving the adoption of digital payment solutions that eliminate the complexities of online and offline transactions.
Sabre Corporation, headquartered in Southlake, Texas, USA, is a global leader in travel technology, connecting travel suppliers and buyers in over 160 countries. Through innovative products and next-generation technology, Sabre empowers airlines, hoteliers, agencies, and other partners to meet the demands of the evolving travel industry.
