6 Results
Anthony Hynes Managing Director & CEO at eNett International
In January 2018, the process of surcharging – extra fees of up to 20% that businesses levied on card payments – was banned under the European Payment Services Directive (PSD2). The roll out of the new regulation has forced companies across all industries to absorb the additional cost from transactions or redirect the cost back to the consumer. Co...
05 March 2019 /payments /regulation
Travel and tourism now accounts for a staggering 10.2 percent of global GDP . And, where there is money, criminals will follow. Add to that the specific nature of travel transactions – high value one-off payments, rapid consumption and the sheer number of suppliers across the globe – and the travel sector is a huge target for fraud. Our new resea...
19 June 2018 /payments /regulation
Thanks to the fintech revolution, today’s consumers have more choice than ever in how they pay. This is especially true in Asia. In India, for example, there are already around 60 non-banking providers offering digital payment services, including Paytm, MobiKwik and Amazon Pay, which have grown in popularity since the country’s announcement of dem...
23 May 2018 /payments
The effects of the political and economic uncertainty that we witnessed in 2017 – such as the fluctuating Pound – are sure to continue to feature throughout the coming year. There’s no rest for travel companies. They must be discerning when it comes to managing their businesses effectively to ensure they remain in the black and can continue to pr...
09 February 2018 /payments
The news that two of Europe’s largest airlines - Monarch and Air Berlin - will cease trading is distressing for thousands of travellers and employees. The move into administration from Monarch alone is expected to impact 860,000 people who have lost bookings, 110,000 holiday makers currently overseas and of course its 2,100 employees. But it’s not...
30 October 2017 /payments
Major political and economic events across the world have seen currencies fluctuate dramatically – at times we saw the pound tumble to its lowest level in three decades. This volatility has become the new normal, making it increasingly difficult for travel companies to predict the final cost of a holiday months in advance. They are already operati...
23 December 2016 /payments
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