Benefits and challenges for mobile payment for airlines
Mobile payments at airlines are now a key area of focus, with 57% of carriers estimating it will drive revenue equal to credit cards over the next two years.
WorldPay, the airline payments and settlements company conducted a study among 56 airlines to analyze the motivations, trends and future plans for offering alternative payments.
Airline alternative payment landscape
With over 230+ payment types globally, the payment landscape is complex. To date, carriers have largely been dependent on credit cards to take payments onlinebecause of their global recognition, reliability and ease of payment processin.
But, in many markets, credit cards are not the preferred payment option and airlines that continue to solely rely on this method are missing out on potential revenue opportunities from customers that don’t own a credit card, or are unfamiliar with this payment type.
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