The world’s leading card payment company, Mastercard, has announced its partnership with the travel website, Musafir to digitize end-to-end payment flows and launch new innovative payment products with attractive travel benefits to both consumers and corporates in the Middle East and North African region.
As the travel industry continues with its post-covid-19 recovery, this exclusive partnership becomes even more necessary considering a report from the Mastercard Economics Institute, which suggest that if flight booking trends continue at their current pace, an estimated 115 million more passengers in Eastern Europe, Middle East, and Africa will fly in 2022 compared to last year. The report indicates that global leisure and business flight bookings have surpassed pre-pandemic levels with an estimated 1.5 billion more passengers expected to fly in 2022 than last year.
Confirming the deal, Amnah Ajmal, the Executive Vice President, Market Development, Eastern Europe, Middle East, and Africa at Mastercard said “At Mastercard, we are committed to contributing to the continued recovery of the travel and tourism sector through insights, data analysis, innovative digital solutions, and unique partner collaborations. We are continuously investing in innovating across the travel value chain. We are excited to partner with Musafir to provide digital-first experiences to their consumers.”
Musafir is a leading corporate travel management company in the MENA region. It offers flights to over 3,000 destinations and supports over 1700 corporates in seamlessly managing their travel as well as hotel stays, in more than 1 million properties, and holiday experiences.
It recently launched an all-in-one Business Travel Management solution that seamlessly enables organizations to manage travel through automated approval workflows and travel policy compliance.
“Our partnership with Mastercard is a testament to our belief that travel is back and our commitment to providing consumers and corporates with technology-led travel solutions,” Sachin Gadoya, CEO and co-founder of Musafir.com said.
Musafir’s offerings also include empowering organizations with insightful reporting, covering carbon emissions tracking, spend analytics, and a lot more. So far, over 1,700 businesses are leveraging the Platform to realize savings of up to 20% on their annual travel spending. Musafir aims to expand its presence to four international locations by the end of the year to meet the growing demand for its services.