News

Emirates Introduces Industry-First Payment Solution

Emirates Introduces Industry-First Payment Solution

Emirates has announced the launch of Emirates Pay, a new account-based payment method for purchasing air tickets. Emirates Pay is now available for Emirates customers in Germany and the UK who are purchasing tickets via emirates.com.

Emirates is the world’s first airline to launch this payment alternative powered by a white-label solution jointly developed by the International Air Transport Association (IATA) in partnership with Deutsche Bank.

How it Works

  • Emirates Pay is an alternative method for travellers to pay for air tickets purchased online by directly debiting their bank account.
  • It is based on real time payments and Open Banking / Request-to-Pay schemes.
    With this new solution the airline provides all the necessary account and payment information and passengers approve the payment initiation in a convenient way via their online or mobile banking.
  • For airlines, the new payments solution offers a cost-competitive payment alternative with faster settlement times, supporting enhanced airline liquidity as well as reduced payment fraud.
  • For consumers, the new payments solution addresses the demand for more secure and frictionless payment options, including account-to-account payments, for which a card is not required.

Michael Doersam, Chief Financial Officer at Emirates said: “We’re pleased to be the first airline to roll out this new account-based solution for our customers.

“Our aim is to provide our customers with choice, convenience, and the best possible experiences at every touchpoint. Customers who don’t have a credit card, and those already using direct payments for other purchases, will welcome the simplicity and security of this method when making travel purchases. When it comes to payments solutions, we’ve always kept close to the latest innovations so that we can offer our customers in different markets the most secure and convenient options.”

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Fionn Davenport is the editor-in-chief of the ITTN group, including ITTN and ITTN Ireland. He's one of Ireland's best-known travel journalists and writers, with nearly 30 years' experience writing guidebooks for Lonely Planet and others.

More in News

WTM London Opens Registration for Hybrid Event

Fionn DavenportJuly 23, 2021

Intrepid Travel Launches Cornwall Fam Competition for National Travel Agent Day 2021

Fionn DavenportJuly 23, 2021

Teenagers Effectively Barred from Malta

Fionn DavenportJuly 22, 2021

Alexa, Tell Me About Belfast City Airport’s New Digital Investment?

Fionn DavenportJuly 22, 2021

Join the Camino Webinar & You Could Win a Trip for Two

Fionn DavenportJuly 22, 2021

IATA Warns About High Cost of Testing

Fionn DavenportJuly 22, 2021

Cathay Pacific Considering Closing London Pilot Base

Fionn DavenportJuly 22, 2021

Amadeus Integrates IBM Digital Health Pass Into Its Digital Health Verification Technology

Fionn DavenportJuly 22, 2021

Air Transat Appoints Adrian Keating to Wider Global Role

Fionn DavenportJuly 22, 2021

Copyright © 2021 ittn