Payment Trends in Corporate Travel: Emergence of Mobile Payments

• In the present travel industry ease of payment and effective expense reporting plays a vital role. Travel managers are always working towards better data management and reducing the inefficiencies in the system by decreasing the time taken for the procedures involved in the entire corporate travel management.
• Mobile payment option acts as a better substitute for corporate s and has the capability to integrate all the functions of corporate cards. In other words we can say that different corporate cards and its functions are integrated in a single mobile device.
• Mobile payment also enables better travel spend accounting and provides real-time automation of expense handling.

  Author: Anitha Bhoopal