SeerBit, Africa’s payment solutions provider, specialising ininnovative services for businesses, has announced a strategic partnership with Sabre, a global leader in software and technology solutions powering the travel industry.
The 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 2013, equivalent to 9.1 per cent 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 per cent of the global workforce and is projected to contribute $16 trillion to the global economy by 2034, representing 11.4 per cent 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.
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