#London #United Kingdom #Global Payments #SUNRATE #Juniper Travel Tech

SUNRATE and Juniper Travel Technology Forge New Alliance

In a groundbreaking move aimed at revolutionizing the global travel sector, SUNRATE, a prominent global payment and treasury management platform, has announced a new strategic alliance with Juniper Travel Technology. This collaboration is set to empower travel companies by integrating cutting-edge payment solutions within Juniper's travel-technology ecosystem.

Enabling Seamless Transactions

The collaboration between SUNRATE and Juniper is designed to address some of the significant pain points faced by travel businesses today, particularly in managing payments across borders. As the travel industry continues to grow increasingly interconnected, effective payment solutions are essential to streamline operations and enhance customer experiences.

Juniper Travel Technology specializes in providing comprehensive online solutions to a wide range of clients, including tour operators, wholesalers, online travel agencies (OTAs), airlines, and more. By incorporating SUNRATE’s cross-border payment capabilities into its offerings, Juniper aims to enable its clients to issue and settle cards in over 15 currencies, enhancing their ability to manage international transactions more effectively.

Key Features of the Partnership

This alliance offers multiple key features that will benefit travel businesses:

• - Smart Spending Limits: Travel companies can set prudent spending limits to ensure full control over their finances, effectively preventing overspending.
• - Enhanced Security Measures: To mitigate fraud risks, customizable security settings will be available to prevent unauthorized transactions.
• - Real-Time Transaction Statements: Companies can generate transaction statements in real-time, catering to various reconciliation needs which can ultimately enhance financial transparency.
• - Optimized Foreign Exchange Costs: The partnership aims to optimize currency exchange costs and mitigate foreign exchange risks, allowing travel companies to streamline their financial operations.
• - Business Payments in Multiple Currencies: Travel businesses can collect payments in over 30 currencies, which not only simplifies operations but also broadens their market reach.

Perspectives from Leadership

Paul Batchelor, the Head of Business Development, Europe at SUNRATE, emphasized the significance of this partnership by stating, "Travel companies operate in one of the most globally interconnected industries, where payments and FX can become a bottleneck. By partnering with Juniper, we are bringing together top-tier travel technology and innovative payment infrastructure to support travel businesses as they scale seamlessly worldwide."

In line with this vision, Toni Reina, Partnerships Director at Juniper, added, "We are thrilled to collaborate with SUNRATE to provide our clients a more efficient, transparent, and global method for managing supplier payments. The integration of SUNRATE's capabilities into our platform elevates the service we provide and reinforces our dedication to digital innovation."

Looking Ahead

The rollout of this new partnership is expected to occur progressively through 2026 and beyond. As technology continues to reshape the travel landscape, this collaboration is set to position both SUNRATE and Juniper at the forefront of providing end-to-end solutions for global bookings, supplier management, and cross-border financial operations.

With plans for further product expansions, the alliance is aimed at ensuring that travel businesses are equipped with the tools and capabilities they need to thrive in an ever-evolving market. Both companies are committed to leveraging their strengths to enhance the overall travel experience for businesses and consumers alike, thereby contributing to a robust digital ecosystem in the travel industry.

About SUNRATE

Founded in 2016, SUNRATE has emerged as a key player in the global payment landscape, enabling businesses to operate and scale in over 190 countries. With a headquarters in Singapore and offices globally, SUNRATE is committed to providing superior payment solutions through its extensive proprietary platform and innovative technology. A member of major global financial networks, SUNRATE continues to expand its reach to support businesses in achieving their financial goals.

To learn more about SUNRATE and their offerings, visit SUNRATE's Website.

About Juniper Travel Technology

Juniper Travel Technology has established itself as a leader in the travel technology sector, with a suite of online solutions tailored for a diverse client base. Boasting over 20 years of experience and a vast connectivity portfolio, Juniper remains dedicated to providing innovative solutions to enhance the travel experience. Their strategic acquisitions of travel technology firms highlight their commitment to ongoing innovation and sector growth.

To discover more about Juniper Travel Technology, visit Juniper's Website.