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IndustryUpdate
IndustryUpdate

evolving online fraud threats with advanced identity try. This enhances Amadeus' vision for smoother travel
verification and open banking authentication. payments, benefiting both travel sellers and corporate
customers, Amadeus stated, adding that Voxel's technol-
TerraPay, Banco G&T team up ogy will be integrated into Amadeus' offerings, which
will expand payment services and automate invoice
TerraPay, a global provider of cross-border pay- management. Amadeus also mentioned the acquisition
ments, formed a strategic partnership with Banco G&T complements its Outpayce payments business and fur-
Continental, a financial institution in Guatemala. This thers its aim to streamline the entire travel experience
marks TerraPay's initial direct collaboration in Central from reservation to expense management. More than 200
America, which is designed to enhance cross-border Voxel employees joined Amadeus under the agreement,
remittance solutions for Guatemalans abroad. Banco which is expected to not only strengthen the company's
G&T Continental gains access to TerraPay's platform, position in the travel industry but also promote innova-
facilitating hassle-free, improved cross-border transfers, tion in travel payments.
the partners stated. This partnership also extends Banco
G&T Continental's reach, enhancing remittance flow and
financial services accessibility, they noted, adding that APPOINTMENTS
with cutting-edge technology and trustworthiness, the
collaboration aims to revolutionize Guatemala's remit- TerraPay welcomes Louise Brett
tance landscape, prioritizing financial inclusion and
economic development. Long-time fintech professional Louise Brett joined
TerraPay UK as independent director, leveraging her
ACQUISITIONS vast experience from Deloitte UK, TerraPay stated. In
this new role, she is expected to enhance the company's
governance, diversity and compliance in alignment with
Amadeus acquires travel payments expert Voxel TerraPay's growth. With significant leadership roles
and accolades under her belt, including the Women
Amadeus acquired Voxel, a provider of electronic in FinTech PowerList 2022, Brett is fully prepared
invoice and B2B payment solutions for the travel indus- to steer TerraPay UK's strategic initiatives, the com-

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