Travelport launches joint venture with PSP International

Travelport announced its partnership with payment processor PSP International for a payment, settlement and reporting platform for agencies and other travel suppliers, including airlines. The agreement was completed on June 24.

Gordon Wilson, Travelport GDS president and CEO, said that the joint venture is running, and the partners are working to expand the payment offering beyond its Australian roots to key markets in Europe and North America.

Besides, the Travelport joint venture with PSP, dubbed eNett "enables the low-cost airlines to distribute through the retail trade, offer the retail trade credit terms and differential payment capabilities without having the join the BSP," noted Wiolson.

Travelport holds the major stake in the joint venture and expects the eNett payment venture to first gain adoption in the United States and Europe in areas outside of air, including rail, rental car and hotel.

Wilson expects the eNett platform to evolve as a way to settle and report on unbundled airline transactions for large and small carriers alike. The platform supports a variety of payment forms, including credit and debit cards and "other increasingly relevant alternative forms of payment which are not well supported today," Travelport said in a statement today.