Vyne Newsletter May 23
Holidays. They've been put on hold since 2019, but now with summer approaching and countries welcoming holidaymakers with open arms, the travel industry is seeing a surge in bookings.?Statistics from Cardlytics?shows that 'spend on flights and holidays has risen 27% in the first three months of this year'. This holiday boom is also benefitting FX as more people exchange digitally or in store. In this months newsletter we spoke to TravelFX to understand how they take payments online to keep up with rising demand. Plus, we're welcoming some brand new additions to the Vyne merchant community.
May highlights:
?? 55% of TravelFX customers choose to pay with Vyne Pay with bank
?? Open Banking use to increase 470% in the next four years
?? Celebrating this month's additions to the Vyne merchant community
???55% of TravelFX customers choose to pay with Vyne Pay with bank
As the fintech and FX industry evolves so does consumer behaviour, because of this TravelFX looked to expand their available payment options so that they could benefit from reduced costs and speedy settlement while also offering customers a friction-free, cardless transaction.
“The Vyne Pay with bank user experience is clear and simple. Making the payment experience with TravelFX seamless.”?
“Our payment options are positioned with clarity and transparency. Because of this we see?55% of customers choosing to pay with Vyne Pay with bank. For high-value transactions,?our customers see Vyne Pay with bank as the safest way to pay.” - Graham Tennant, Director at TravelFX
?? Snippets
???Open Banking use to increase 470% in the next four years.?Europe is leading the surge in the take-up of API-based Open Banking services, according to Juniper Research.?[Source:?Computer Weekly]
? Whether you’re a Vyne merchant looking for advice on managing your account, or a consumer with refund questions,?our?Help Centre?provides the support you need.?
?? Find us at the Ecommerce Forum on July 4th.?We'll be on hand to showcase how Vyne Pay with bank can help ecommerce companies cut down costs while increasing conversion and reducing fraud.?
?? Celebrating this month's additions to the Vyne merchant community
We've welcomed more amazing businesses to the Vyne merchant community. Check out the new additions that are using Vyne Pay with bank to allow their customers to make fast, secure, fair and seamless payments:
????Loughborough Kia?|?Red Sea Money Transfer?|?Peoples Ford?|?TransfaPay???