{"id":416804,"date":"2021-01-19T09:03:22","date_gmt":"2021-01-19T14:03:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416804"},"modified":"2021-01-19T09:03:22","modified_gmt":"2021-01-19T14:03:22","slug":"payment-technology-to-propel-post-covid-travel-rebound-in-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\/","title":{"rendered":"Payment Technology to Propel Post-COVID Travel Rebound in 2021"},"content":{"rendered":"
\n

\n
\n International Payments Leader Nuvei Partners with Edgar, Dunn & Company to Share Best Practices on Growth Strategies for Travel Operators<\/em>
\n <\/strong>
\n \n <\/p>\n

MONTREAL, Jan. 19, 2021 (GLOBE NEWSWIRE) — Nuvei<\/a> (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands, today announced the release of “Redefining travel payments in the post-COVID-19 era<\/a>,” a white paper report and survey pinpointing growth strategies for travel operators in the aftermath of the pandemic, driven by payment technology. Produced in collaboration with Edgar, Dunn & Company (\u201cEDC\u201d), with participation from Visa, this comprehensive study contains data, insights and actionable intelligence for the travel sector as it plans its 2021 comeback, including the critical importance of a digital-first strategy, the most effective and innovative payment models to adopt, and what organizational changes could more swiftly catalyze growth opportunities.<\/p>\n

The COVID-19 pandemic and its related quarantines and travel restrictions dramatically impacted travel industry revenue throughout 2020, leaving related businesses searching for solutions. The recent release of vaccines has signaled a light at the end of the tunnel, providing travel operators with the confidence to put their comeback plans into action. It was with this in mind that Nuvei joined with EDC, an independent, global strategy consulting firm specializing in payments and digital financial services, to produce “Redefining travel payments in the post-COVID-19 era.”<\/p>\n

The report comprises in-depth insights into current industry pain points and payment-related solutions for the future, interviews with top airlines and online travel agents and an industry-wide survey conducted between September and November 2020, as well as analysis of the results. It highlights changing customer expectations that necessitate new strategies for success, including leveraging payment technology to a greater extent than before and designed to support merchants in their recovery.<\/p>\n

\u201cAfter a difficult year of global travel restrictions, we are confident that travel businesses will be bouncing back to cater to pent-up public demand,\u201d said Philip Fayer, Nuvei\u2019s chairman and CEO, Nuvei. \u201cPayment technology is an indispensable tool for optimizing revenue, and for travel-related businesses in 2021 it’s a strategic growth and recovery driver, ensuring more customer journeys on their platforms end in bookings.\u201d<\/p>\n

\u201cThe travel industry had to adapt quickly to the negative impacts of the pandemic, reviewing their internal payment tools\u00a0and organization, processes, partners\u00a0and solutions,\u201d said Pascal Burg, director at Edgar, Dunn & Company. \u201cAll players are now preparing for the rebound. Payment is a key\u00a0lever\u00a0to support OTAs\u2019 and airlines\u2019 priorities related to cash-flow preservation and\u00a0revenue generation. Adapting to this new era will require merchants to leverage industry best practices and have a clear payment strategy, which we hope this white paper will help define.\u201d<\/p>\n

To download the full whitepaper, visit: https:\/\/try.nuvei.com\/twp02<\/a>.<\/p>\n

\n About Nuvei <\/strong>\n <\/p>\n

We are Nuvei (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration \u2013 propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform offers direct connections to all major payment card schemes in over 200 markets worldwide, supports 450 local and alternative payment methods and nearly 150 currencies. Our purpose is to make our world a local marketplace. For more information, visit\u00a0www.nuvei.com<\/a>.<\/p>\n

\n About Edgar, Dunn & Company<\/strong>\n <\/p>\n

Edgar, Dunn & Company is an independent strategy consulting firm founded in 1978. Our two fundamental principles of client service are to provide deep expertise in payments and digital financial services that enhances our clients\u2019 perspectives, and to deliver actionable advice that enables our clients to create measurable, sustainable change in their organisations.<\/p>\n

\n Contact:<\/strong>\n <\/p>\n

Investor Relations
NuveiIR@icrinc.com<\/a><\/p>\n

Public Relations
Nuvei-PR@icrinc.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

International Payments Leader Nuvei Partners with Edgar, Dunn & Company to Share Best Practices on Growth Strategies for Travel Operators MONTREAL, Jan. 19, 2021 (GLOBE NEWSWIRE) — Nuvei (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands, today announced the release of “Redefining travel payments in the post-COVID-19 era,” a white paper report and survey pinpointing growth strategies for travel operators in the aftermath of the pandemic, driven by payment technology. Produced in collaboration with Edgar, Dunn & Company (\u201cEDC\u201d), with participation from Visa, this comprehensive study contains data, insights and actionable intelligence for the travel sector as it plans its 2021 comeback, including the critical importance of a digital-first strategy, the most effective and innovative payment models … <\/p>\n

Continue reading “Payment Technology to Propel Post-COVID Travel Rebound in 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-416804","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPayment Technology to Propel Post-COVID Travel Rebound in 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payment Technology to Propel Post-COVID Travel Rebound in 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"International Payments Leader Nuvei Partners with Edgar, Dunn & Company to Share Best Practices on Growth Strategies for Travel Operators MONTREAL, Jan. 19, 2021 (GLOBE NEWSWIRE) — Nuvei (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands, today announced the release of “Redefining travel payments in the post-COVID-19 era,” a white paper report and survey pinpointing growth strategies for travel operators in the aftermath of the pandemic, driven by payment technology. Produced in collaboration with Edgar, Dunn & Company (\u201cEDC\u201d), with participation from Visa, this comprehensive study contains data, insights and actionable intelligence for the travel sector as it plans its 2021 comeback, including the critical importance of a digital-first strategy, the most effective and innovative payment models … Continue reading "Payment Technology to Propel Post-COVID Travel Rebound in 2021"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T14:03:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODAyOSMzOTM1MTg2IzUwMDA1MjIwMA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Payment Technology to Propel Post-COVID Travel Rebound in 2021\",\"datePublished\":\"2021-01-19T14:03:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\\\/\"},\"wordCount\":618,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEzODAyOSMzOTM1MTg2IzUwMDA1MjIwMA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/payment-technology-to-propel-post-covid-travel-rebound-in-2021\\\/\",\"name\":\"Payment Technology to Propel Post-COVID Travel Rebound in 2021 - 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