Along with the rapid resumption of international flights, many hotels and airfares have come down, as well as the expansion of China's visa-free access, the convenience of entry has been significantly improved, and recently, both outbound and inbound tours have become very popular.

Payment, as a key link in every consumption in cross-border tourism, not only directly affects travelers' experience, but also relates to the construction of digital capacity and brand recognition of air travel enterprises. However, there are still many pain points in the field of air travel payment, such as the high handling fees of traditional payment methods, inefficient payment processes and insufficient security of funds.Therefore, it is crucial to choose a global leading digital payment service provider to provide a safer, more efficient and convenient one-stop fund management solution.

As an innovative global payment PaaS platform, PhotonPay will analyze the current payment challenges faced by the global air travel industry and introduce its one-stop online air travel payment solution, Photon Card Discover® Global Network, which is specially designed for diversified air travel scenarios such as hotel travel payment and air ticket procurement.

Multiple pain points and complex scenarios

Air Travel Companies Seek Payment Optimization and Upgrades

Smooth payment is one of the key elements for global air travel enterprises to realize sound development and borderless growth. Currently, the traditional payment methods of air travel enterprises are facing many challenges such as non-transparent charging links, cumbersome reconciliation process and high payment costs.

• High and ambiguous fees and high payment costs

Voyage payment scenarios cover a wide range of aspects such as air ticket purchase, hotel booking, attraction tickets and so on. Cross-border transactions through traditional banking channels are not only characterized by high handling fees, but also by non-transparent charging processes, which makes it difficult to accurately estimate the overall payment costs and thus affects the overall profitability of enterprises.

• Cumbersome reconciliation process and inefficient payments

Air travel payment involves multiple participants (including airlines, travel agencies, banks, payment gateways, international card organizations, etc.), each of which has its own independent systems and processes, and may have different data formats and processing methods; in addition, bank clearing cycles may vary from country to country, which further lengthens payment processing time and complexity.

• High compliance requirements and complex payment environment

International air travel payments are not only subject to the regulations of central banks and financial regulators in each country, but may also be regulated by international payment networks, which have stringent requirements for transparency of payment processing, routing of funds flows and compliance.In addition, countries have different regulations on foreign exchange management, further adding to the complexity of payment processing and compliance review.

Spotlight on Air Travel Payments

Preferred Photon Card Discover® Global Network

With the rapid growth of the global travel industry, digital solutions have become an important tool for air travel companies to optimize payment efficiency and achieve business growth. More and more travel companies are choosing virtual credit cards as a payment method to enhance payment effectiveness.

| 68% of travel businesses believe that virtual cards are beneficial to both travel agents and suppliers

| 90% of travel agents plan to adopt virtual cards in the next three years

As a participant, explorer and enabler in the global travel industry, PhotonPay, in response to the payment pain points of travel companies, has joined hands with the internationally renowned card organization Discover® Global Network to create an international virtual credit card, Photon Card Discover® Global Network, to help make payment easier, safer and smarter for travel companies.Network, which helps to make payment easier, safer, more efficient and smarter for air travel enterprises.

• Strong Resources Plus, Exclusive Premium Card BIN

As the first Fintech card issuer of Discover® Global Network in Greater China, PhotonPay is directly connected to Discover® Global Network. PhotonPay is one of the pioneers in the international virtual card business, and in just a few years, the cumulative number of Photon Card issued has exceeded one million. PhotonPay has the exclusive card BIN of the Discover® Global Network, which provides a higher transaction success rate, stability and security.

• High Payment Success Rate, Preferred by Air Travel Enterprises

Choosing the Photon Card Discover® Global Network means access to Diners Club International®, the issuer of the world's first credit card founded in 1950 and now available in 55 countries around the world. Diners Club International® has a significant presence and widespread popularity in specific segments of the travel and hospitality industry, focusing on partnering with branded businesses such as airlines, hotels, car rental companies and airport lounges. This advantage allows air travelers to make fast online payments, whether it's for hotel travel payments, online business purchases or airline ticket purchases.

• Seamless and efficient payment with transparent fees

Support global 180+ countries, 60+ mainstream currencies for direct transactions, no need to worry about geographical restrictions on payments. Provides open and transparent handling fees and real-time queryable transaction status, which ensures the visibility of transactions and enables air travel companies to easily track payment progress.

• Intelligent financial management, clear and efficient reconciliation

The interface is simple and easy to operate, real-time view and tracking of expenditures, timely generation of fee-control reports, to meet a variety of reconciliation needs, financial management, cost expenditure is more intelligent and clearer, which can provide a strong reference for decision-making in order to optimize profitability.

• Secure Payment Environment, Steady Compliance Barrier

Since PhotonPay was founded, it has applied for and successfully obtained payment licenses or permits from Hong Kong, China, the United States, Canada, the United Kingdom, and many other countries and regions, and has cooperated deeply with international tier-one clearing banks and licensed financial institutions to ensure the safety of customers' funds. We have passed a number of authoritative security qualifications and certifications, such as PCI- DSS LEVEL 1 highest security certification. In terms of risk control, we have a self-developed risk control engine to control the transaction risks for our customers during the whole transaction process.