Trip Affiliates Network (TA Network) has launched a global digital payment hub service, BorderXP (BXP), designed to help businesses simplify collection of payments cost effectively & instantly as they seek to expand their domestic & overseas sales channels
Integrated with a portfolio of over 50+ licenses held across the globe, the service includes e-Wallets, payment gateways, virtual card accounts & virtual bank accounts. BXP provides a comprehensive , global footprint to process online payments with business partners in a transparent, timely, cost-effective & secure manner
BXP’s Fintech Innovation Lead Tham Shiming commented, “BXP is a culmination of our efforts to provide seamless, instant & cost effective payment solutions for high volume suppliers such as hotels & inbound/outbound operators using our hospitality & travel tech platform services or scaled to their business requirements via BXP's payment APIs
TA Network’s differentiated online connectivity with suppliers like hotels, coupled with BXP’s digital payment services, empowers suppliers to transform & expand their B2B partnerships with domestic/overseas agents, wholesalers & corporates without worrying about credit or payment issues”
With the onset of Covid-19, the pandemic has created a major shift towards digital-first transactional experiences which requires instant & secure payments within the global B2B payments landscape, instead of relying on traditional credit facilities. Through the TA Network platform & BXP’s payment APIs, users will have access to a “plugin” payment tool that empowers them to adopt cost-effective online prepayment solutions for their sales channels, execute cross border payments in almost real-time & in multiple widely used currency pairs. Users can easily track & reconcile payments using the BXP portal
Tham Shiming added: “In a post-COVID new normal, TA Network also recognises the need for business owners to adopt pre-payment mechanisms instead of relying on traditional post-payment credit facilities.”
Josef Foo Managing Partner TA Network said, “ We look forward to making instant B2B cross border payments a fixture for the offline -to -online sectors as the pandemic has reinforced the need for companies to undergo digitalisation which is critical for the new digital economy. BXP’s architecture is designed to scale up operationally & to support the rapid growth of our core businesses. We see tremendous opportunities in providing cross border B2B digital payment solutions across parallel industries. We will continue to serve our long-tail B2B client base while exploring new markets & expanding into non-core business.”
About Trip Affiliates Network
Headquartered in Singapore, with offices in Indonesia & Thailand, Trip Affiliates Network (TA Network) provides FIT/group inbound & outbound turnkey solutions & add-on direct supplier connectivity services for travel agents, wholesalers & hotels. High end platforms include integrated booking systems for flights, hotels, activities & transfers plus dynamic packages & digital payment solutions