In response to customer demand, local and international agents of all sizes can now use VANs to pay Polish suppliers quickly and hassle free.
SINGAPORE – eNett International, a leading provider of dedicated B2B travel payment solutions, has added Polish Zloty to its currency offering enabling Polish and international agents to take advantage of streamlined and low cost supplier payments in PLN through Virtual Account Numbers (VANs).
In response to customer demand, local and international agents of all sizes can now use VANs to pay Polish suppliers quickly and hassle free. It also means that out of the 30 currencies available to eNett’s customers, 16 provide for local funding and settlement, supporting growth in new markets and saving costs.
One company already taking advantage of Zloty local settlement with VANs is leading hotel booking agency, iAlbatros. “VANs with pre-set limits are a great business enabler for us, as it ensures hotels will only charge the total amount agreed during reservation. This means any extras aren’t paid for by the client, protecting them from unauthorised transactions. In addition, single-use VANs make reconciliation extremely easy and straightforward,” said Przemysław Soroka, Vice-President of the Management Board and CFO. “With the advent of local settlement in PLN, we will be able to cover another growing market with the solution, bringing further business benefits for us, and extending our partnership with eNett.”
A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs minimise the risk of fraud and maximise protection against supplier default. Agents can also earn a rebate1, and benefit from automated reconciliation delivering significant efficiency gains.
eNett Managing Director and CEO, Anthony Hynes, said, “Poland had over 16 million visitors in 20142 and its tourist industry is going from strength to strength. With increasing volumes, our customers wanted a cost-effective solution for managing international and domestic supplier payments in Poland, which is why we have added Zloty to our VAN currency offering.”
“Having one of the broadest local settlement capabilities in the industry, is testament to our commitment to lowering the cost of international payments.”
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
