Travel financial start-up Trstpays will launch its airline and travel industry specialist service that aims to solve payment issues at Travel Technology Europe.
Trstpays says it helps travel professionals improve their balance sheets, cashflow and payments transparency to improve margins as it tackles the issues of collateral, rolling reserves and holdbacks.
After a soft launch in 2019 with two international airlines and a winter holiday company, Trstpays feels it is ready to officially launch its business to the whole sector.
The company is made up experienced employees from the payment industry, Atol trust and travel sector.
Marc O’Brien, founder and chief executive at Trstpays, said: “Even with a very soft launch in late 2019, we have had a terrific reception from the travel industry and are looking forward to helping the industry get a better deal.”
O’Brien, former chief executive at Visa UK, added he hopes the firm will improve profitability and sustainability in the travel industry which has been marginalised by payment companies in the midst of chaos including the Thomas Cook failure.
“Trstpays helps to build a wider pool of payment providers and eliminate many of the risks, especially credit risk, of providing payments. Travel companies can then benefit from better terms with no collateral and great terms.”
Free registration to attend TTE on February 26 and 27 at Olympia in London is available here: