Mastercard, Musafir partner to enable seamless travel bookings

Mastercard and travel website Musafir have partnered to digitise end-to-end payment flows and launch new payment products offering travel benefits to both consumers and corporates in the region.

According to Mastercard Economics Institute, 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 research also revealed that global leisure and business flight bookings have surpassed pre-pandemic levels with an estimated 1.5 billion more passengers predicted to fly in 2022 compared to 2021.

Amnah Ajmal, EVP, Market Development, Eastern Europe, Middle East and Africa, Mastercard, said: “At Mastercard we are committed to contribute 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 to innovate across the travel value chain. We are excited to partner with Musafir to provide digital-first experiences to their consumers.”

“Our partnership with Mastercard is a testament to our belief that travel is back and our commitment to providing both consumers and corporates with technology-led travel solutions,” said Sachin Gadoya, co-founder, and CEO of Musafir.com.

Musafir.com recently launched an all-in-one business travel management solution that seamlessly enables organisations to manage travel through automated approval workflows and travel policy compliance. According to the company, over 1,700 businesses are leveraging the platform to realise savings of up to 20 per cent on their annual travel spend.

Musafir aims to expand its presence to four international locations by the end of the year to meet the growing demand for its services.