ATS Travel, a leading travel management company, has partnered with Payhound, a provider of regulated cryptocurrency payment solutions, to offer cryptocurrency payment options for its services.
This collaboration makes ATS Travel the first major travel management company in the Middle East to accept digital currencies for both corporate and leisure travel transactions.
ATS Travel, Payhound collaboration
ATS Travel’s new initiative will allow clients, including high-net-worth individuals, to pay for a wide range of travel services with leading cryptocurrencies such as Bitcoin and Ethereum.
These services include airline tickets, luxury travel, holiday packages, and MICE (Meetings, Incentives, Exhibitions, and Events). This partnership reflects the growing interest in cryptocurrency and blockchain technology in the region.
Saleem Sharif, Deputy Managing Director of ATS Travel, shared: “This initiative is poised to be a game changer in the travel industry and reflects the region’s growing interest in digital currencies and blockchain technology.”
Seamless payment experience
This new development offers a more modern, efficient payment option for ATS Travel’s tech-savvy clientele. The partnership with Payhound allows customers to make seamless, instant, and secure payments, eliminating the delays and high costs typically associated with traditional banking methods.
Sharif explained: “The implementation of crypto payments is expected to significantly enhance the customer experience.”
About Payhound
Payhound, headquartered in Malta, is a fully regulated crypto payment provider known for its secure and efficient services across various industries, including e-commerce and financial institutions.
The company holds a Virtual Financial Assets Service Provider (VFAS) license from the Malta Financial Services Authority (MFSA), ensuring reliable and swift payment processing. Melissa Lamb, Director of Sales, Luxury at Payhound, stated: “We are excited about the prospect of collaborating with ATS Travel to facilitate acceptance of cryptocurrency as a form of payment.”
ATS Travel
This partnership aligns with ATS Travel’s commitment to offering innovative solutions for its customers. Khaled Ghubash, Managing Director of ATS Travel, emphasized: “We are thrilled to be the first travel management company in the Middle East to integrate cryptocurrency payments into our services.
“This arrangement with Payhound reflects our commitment to offering cutting-edge services that meet the evolving needs of our clients, particularly in a region where cryptocurrency adoption is on the rise.”
Ghubash added, “By offering cryptocurrency payment options, we are not only meeting the demands of high-net-worth individuals and businesses but also positioning ourselves as leaders in an industry that is moving rapidly toward digitalization.”
A step forward for digital payments in travel
This partnership represents a significant step forward for digital payments in the Middle Eastern travel industry. It allows both corporate and leisure travelers to manage their expenses in a more secure and efficient way.
Sharif noted: “ATS Travel’s ability to accept digital currencies will provide corporate clients, leisure travelers, and MICE customers with a more streamlined, faster, and secure way to manage their travel expenses.”
tanvir@dubainewsweek.com
