African Payment solutions provider, specialising in innovative services for businesses, SeerBit, on Tuesday announced a strategic partnership with Sabre, a global leader in software and technology solutions powering the travel industry.
This collaboration will provide Sabre’s clients with access to SeerBit’s powerful payment infrastructure, delivering seamless, secure, and efficient payment processing for transactions and other value-added services across web, mobile, and offline channels.
Despite the travel industry injecting nearly $10 trillion into the global economy in 2023, equivalent to 9.1% of global GDP, significant payment challenges continue to frustrate the growth of the sector.
These challenges include the complexities of cross-border transactions, fragmented payment methods, payment security and fraud, fluctuations and pricing transparency, interoperability, chargebacks and dispute resolution, among others.
The payment challenges in the travel industry call for lasting solutions to bridge existing gaps and unlock the sector’s full growth potential. Currently, the industry supports 449 million jobs, accounting for 12.2% of the global workforce and is projected to contribute $16 trillion to the global economy by 2034, representing 11.4% of the global economic landscape.
To address these persistent challenges, SeerBit has joined forces with Sabre to deliver innovative solutions that streamline payment processes and enhance operational efficiency within the travel sector.
With this strategic partnership, Sabre will integrate SeerBit’s solutions into its travel technology platform, enabling airlines, travel agencies, global travel service providers and travellers to process payments faster and more efficiently, while ensuring compliance with local and international regulations.
Making the announcement at a brief parley recently, Founder and CEO of SeerBit, Omoniyi Kolade, said: “For us, this combination of advanced payment technologies with innovative travel solutions comes at a pivotal moment in the travel industry. Our payment solutions are uniquely designed to simplify complex processes. By integrating with Sabre’s platform, we are providing travel businesses with the tools they need to enhance their services and deliver delightful experiences for their customers. We are confident that this collaboration will significantly contribute to the rapid evolution of the global travel ecosystem, particularly by making fast, secure and efficient payment processing accessible for all stakeholders in the value chain.”
“We are delighted to announce our partnership with SeerBit to engineer innovative payment capabilities that empower African travel businesses,” said Dare Olayiwola, senior regional director at Sabre Travel Solutions, Central West Africa. “Africa is a key growth market for our organisation, and we are excited to work closely with SeerBit to support the evolving travel ecosystem across the continent.”
Equally important, the alliance between SeerBit and Sabre is set to bring substantial benefits to the travel industry.
With the integration of SeerBit’s advanced payment technology, Sabre’s clients will gain unrivalled efficiency in transactions across multiple platforms and payment options, ensuring real-time, frictionless payments for bookings, reservations, and other services for operators within the travel ecosystem.
