Adalte, a leading distribution system for travel packages and multi-day tours, has announced a strategic partnership with Repayd, a purpose-built Merchant of Record payment solution for the travel industry. This integration aims to streamline and strengthen payment operations for travel professionals managing complex, multi-day itineraries across multiple suppliers and currencies.
Managing payments across various DMCs, currencies, and jurisdictions has long posed operational and financial challenges for tour operators. With this integration, Adalte embeds Repayd's payment infrastructure directly into its platform, reducing manual processes and improving overall efficiency.
By leveraging Repayd's Merchant of Record model, Adalte users benefit from a structured and compliant payment framework, allowing for more efficient cross-border supplier payments. The integration enables tour operators to collect funds in one currency while managing settlements in others, reducing exposure to foreign exchange fluctuations and eliminating the need for fragmented banking relationships.
The payment processing is handled locally across key global markets, improving authorization rates and reducing friction at checkout. Additionally, operators gain better control over how and when currency conversions take place, making cross-border transactions simpler and more efficient.
Davide Galleri, CEO of Adalte, stated, "Our goal is to constantly evolve our platform to remove friction for those managing multi-day tours. We have developed our system to manage both operational information and comprehensive administrative data, as we believe this unified approach should be the standard for facilitating the travel trade. Thanks to the integration of Repayd's specialized financial tools directly into our workflow, we can provide our partners not only with useful information but also with the speed and ease they need to sell FIT services online."
Will Plummer, CEO and Co-Founder of Repayd, added, "Tour operators are managing increasingly complex cross-border payment flows, particularly when it comes to paying suppliers in different currencies. This integration gives them greater control over how those payments are managed, helping to reduce foreign exchange exposure and simplify multi-currency settlement."
The integration will be available from 1 May for all Adalte partners, offering a comprehensive solution to manage payments more effectively across global markets.
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