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Insights and Expertise

Exacerbating this is the staggered adoption of open lower transaction fees compared to traditional credit cards,
banking, which is having a profound impact on the especially for cross-border transactions, many also offer
growth of APMs globally, leading to regional differences enhanced security features like biometric authentication,
in how quickly and effectively new payment methods are reducing the risk of chargebacks and fraud.
being adopted.
In today’s fast-evolving travel landscape, flexibility
The future of cash worldwide and convenience in payment options are essential for
The importance of overcoming these challenges cannot staying competitive and meeting travelers’ expectations.
be overstated as each region moves ever closer towards By offering a wide range of payment methods, travel
becoming a cashless society. businesses can cater to a global customer base and
ultimately increase revenue.
Currently, Sweden is considered the most cashless society
in the world, with only about 9 percent of payments made But there are wider implications here. In embracing a
in cash, and many businesses no longer accepting cash wide range of payment methods, the travel sector has the
at all. Even small vendors and street markets are more opportunity to set the tone for a truly global payment
likely to accept mobile payments via apps like Swish or system, one in which tourists enjoy the same convenient
contactless cards. payment experience as locals.

The Netherlands, particularly in cities like Amsterdam Christopher Gilderson is head of retail and hospitality at PXP Financial
and Rotterdam, is also quickly shifting toward a cashless at PXP Financial, which provides a single unified payments platform to
economy. Many businesses prefer or only accept card accept payments online, on mobile and at the point of sale. Hedjri has
payments, with iDEAL (an online banking payment more than 20 years of experience in holding C-level roles in the fintech
method) being the most common APM for locals. It’s a and payments industry. He has built companies across the payment
similar picture in the UK, especially in London and other value chain in Europe, North and South America. For more informa-
large cities, where contactless payments via credit cards, tion, visit the PXP website at https://pxpfinancial.com, or connect with
mobile wallets and apps are extremely common. Christopher at linkedin.com/in/christopher-gilderson-89661250.

China is also rapidly becoming cashless, driven by
the dominance of WeChat Pay and Alipay, and by the
government, which is supporting a central bank digital
currency (CBDC), known as the Digital Yuan.
COMPANY
Australia is another popular holiday destination that’s PROFILE Get the right
quickly becoming cashless, particularly in major cities. Company Name
o
go
Here, contactless card payments and mobile wallets are L Logo Contact folks talking
Position
now the norm for everyday purchases. Phone Number about your
Email Address
Website
All this underscores the importance of accepting a wide Company’s story: business with a

Lorem ipsum dolor sit amet, consectetur adipiscing
range of payment methods in the travel sector. Alternative elit, sed do eiusmod tempor incididunt ut labore et Green Sheet
dolore magna aliqua.
payment methods are expected to grow faster between Ut enim ad minim veniam, quis nostrud exercitation
ullamco laboris nisi ut aliquip ex ea commodo conse-
2022 and 2027 than payments performed with cards, quat. Duis aute irure dolor in reprehenderit. Company profile!
and accepting a wide range of payment methods will
impact the traveler experience, business revenue, and the
overall competitiveness of travel companies (see https://bit. We’ll help you showcase
ly/48OXzbA). Your products and services
Your mission
Aside from the clear incentive of being better able to Your skills and expetise
cater to global consumers, it’s also an effective way to We’ll tell the world
reduce abandoned transactions. One of the main reasons Why your company matters
customers abandon bookings or purchases is the lack Take steps now to
of suitable payment options. In the travel sector, where Enhance your visibility
bookings are often high-value transactions, missing out on Boost your credibility
a sale due to payment method issues can be a significant Gain industry recognition
loss. Unlock networking opportunities
Stir investor interest
It's also an effective way to secure long-term customer Don’t delay!
loyalty, since people are more likely to return to a business Contact Rick Aston today at
that offers a convenient and flexible payment experience. 707-284-1693 or rick@greensheet.com
Beyond this, there is a cost-saving benefit to accepting a
range of payment methods. Not only do certain APMs offer
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