#London #United Kingdom #Digital Payments #Checkout.com #Agoda

Checkout.com Partners with Agoda

Checkout.com, a leading digital payment platform based in London and headed by CEO Guillaume Poussel, announced its strategic partnership with Agoda, a renowned digital travel platform. This collaboration aims to bolster Agoda's mission of 'Connecting the world through travel' by enhancing their payment systems.

As part of this partnership, Checkout.com will support payment processing for Agoda, which boasts over six million listings of accommodations worldwide. The integration of Checkout.com's high-performance digital payment infrastructure will enable Agoda to streamline the reservation process for travelers and ensure smooth payments to suppliers.

Enhancing Reliability with Virtual Cards

A significant aspect of their partnership is the implementation of virtual card issuance, allowing Agoda to provide a reliable payment operation for their extensive global supply network. This innovation ensures that transactions are processed efficiently, catering to the demands of peak travel periods and varying market currencies.

Agoda connects travelers with a wide range of services beyond accommodation, including flights, activities, and unique travel experiences. To maintain such expansive operations, a stable payment system is essential, particularly in times of high demand across different regions.

With Checkout.com's support, Agoda is enhancing its virtual card issuing capabilities. This advancement not only facilitates seamless booking experiences for travelers but also ensures that payments to suppliers are processed reliably, fostering trust within the travel ecosystem.

Leveraging AI for Payment Optimization

A core factor contributing to Agoda's improved performance is Checkout.com's proprietary AI solution, "Intelligent Acceptance." This technology utilizes real-time network data to optimize each transaction, discerning the most effective payment routes while adjusting allocations to enhance performance. This optimization strategy aims to reduce payment failures and increase approval rates.

Furthermore, by integrating network tokens and the Real-Time Account Updater, the partnership can mitigate transaction declines due to false detection, addressing the unique challenges of cross-border, multi-currency, and high-volume transactions in the global travel industry.

Streamlined Payment Processing for Travel Suppliers

The collaboration extends to the virtual card issuance that supports payments to travel suppliers. This collaboration enables robust and seamless processing of payments on a large scale, ensuring that the entire travel ecosystem functions smoothly behind the scenes. Through a unified integration platform, Agoda gains comprehensive visibility and control over its issuing operations, simplifying management and enhancing operational efficiency.

Insights from Agoda and Checkout.com

Pitichoke Chulapamornsri, Senior Director of Fintech & Business Development at Agoda, expressed, "Our mission is to make travel simple, accessible, and valuable for everyone. For that, a trusted global payment infrastructure is essential. We chose Checkout.com for its proven performance, resilience, and deep technical expertise. This partnership gives us peace of mind as we expand our platform and continue providing services to travelers worldwide."

Brian Sze, Head of the Asia-Pacific Region at Checkout.com, commented, "Every booked journey relies on a digital moment that must function seamlessly and instantly. As travel continues to digitize, an AI-optimized and resilient payment system becomes crucial to connect travelers, merchants, and partners worldwide. We are proud to support Agoda with the technology that facilitates these connections."

About Checkout.com

Checkout.com empowers thousands of businesses across the digital economy with payment solutions. Our digital payment network supports over 145 currencies and processes billions of transactions globally each year. With a commitment to flexibility and scalability, we help businesses enhance approval rates, reduce processing costs, and combat fraud, ultimately driving profitability.

Headquartered in London, Checkout.com operates in 19 offices worldwide, partnering with top global companies including Sony, Netflix, Uber, Spotify, Alibaba, Docusign, Wise, Sainsbury's, and the Financial Times. To learn more about our services, visit Checkout.com.