Duffel and Katanox bring hotel bookings, payments and financing into single flow for travel sellers

Travel sellers can now integrate hotel bookings, payments, and financing into a single workflow. A new partnership between Duffel and Katanox aims to solve the industry’s massive problem with fragmented payment systems. For retailers in the travel and hospitality space, this means less administrative friction and better cash flow management. The integration allows agencies and travel platforms to offer more flexible payment options to their customers without the usual back-end headaches. Historically, travel operators have struggled with 'broken' payment processes that result in billions of dollars in lost revenue annually. This tool consolidates those disparate pieces. Instead of jumping between different providers for booking and financing, operators can handle everything in one spot. This efficiency helps businesses scale faster by reducing the time spent on manual reconciliations and payment failures. If you are a travel merchant, this represents a shift toward the 'embedded finance' model seen in other retail sectors. It simplifies how you get paid and how your customers finance their trips, potentially increasing conversion rates at the point of sale.

Source: Finextra — Lending

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