Open banking enables travel companies to offer more personalised and innovative payment solutions
Noda helps merchants to focus on the seamless travel payments
Noda’s open banking solution is enabling travellers to pay for their travel expenses directly from their bank account without entering their card information or going through a lengthy verification process.
This streamlined process not only saves time for the traveller but also increases the conversion rate for merchants by reducing the number of abandoned bookings due to cumbersome payment processes.
As a PSD2-regulated payment solution, Noda ensures that all financial transactions are performed with the highest level of security and compliance, reducing the risk of fraud and chargebacks for both parties.
By eliminating the need to share sensitive financial information with third-party payment providers, open banking also provides an added layer of protection for travellers' personal and financial data.
The open banking payments offer a range of benefits for travel merchants, such as low transaction fees, instant payment settlement, and simplified reconciliation.
With the ability to connect to over 350 banks across the UK and EU, Noda provides a wide range of banking options for both domestic and international transactions. .