Sabre Hospitality introduces SynXis Pay to improve payment experience and simplify transactions for hoteliers
Rhea-AI Summary
Sabre (NASDAQ: SABR) has announced the upcoming release of SynXis Pay, a new payment solution designed to streamline hospitality transactions. The system will integrate with over 250 alternative payment methods, including Apple Pay, Google Pay, PayPal, Klarna, and WeChat Pay.
The solution offers two main benefits: For travelers, it enables flexible payment options and an express checkout experience in SynXis Booking Engine. For hoteliers, it simplifies payment management through an orchestration layer powered by CellPoint Digital, allowing customized currency payouts and minimizing foreign exchange exposure.
Key features include dynamic payment method selection based on guest location, simplified reconciliation processes, and potential increased conversion rates through enhanced guest experience. The solution will be rolled out in phases over the coming months.
Positive
- Integration with 250+ payment methods expanding market reach
- Partnership with CellPoint Digital for payment orchestration
- Potential for increased conversion rates
- Reduced forex exposure for hotels
Negative
- Phased rollout indicating delayed full implementation
- Dependent on third-party payment processors
News Market Reaction
On the day this news was published, SABR declined 4.84%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The guest-centric solution seamlessly offers travelers new ways to pay and streamlines financial operations through orchestration
For travelers, SynXis Pay integrates with over 250 alternative payment methods, including Apple Pay, Google Pay, PayPal, Klarna, WeChat Pay and more, adding much needed flexibility when it comes to checking out on their favorite hotel websites. Additionally, it enables a new express checkout experience in SynXis Booking Engine if the guest selects Apple Pay or Google Pay.
Those integrations are just one part of the equation. For hotels, SynXis Pay greatly reduces the complexity of managing multiple payment types in one place. SynXis Pay's orchestration layer – powered by CellPoint Digital, the leader in payment orchestration –optimizes global payment acceptance by seamlessly connecting to multiple gateways and dynamically enabling the most relevant payment methods based on the guest's location. In collaboration with other payment partners within the ecosystem, hotels can customize payouts in their local currency, converting from the guest's preferred currency. This minimizes exposure to foreign exchange rates and simplifies reconciliation. Plus, the enhanced guest experience contributes to increased conversion rates.
"At Sabre Hospitality, we love to solve complex travel challenges in ways that benefit both our customers and travelers," said Juan Abello, Vice President of Product Management at Sabre Hospitality. "SynXis Pay is a prime example of that mission, offering travelers the flexibility and personalization they desire, while simplifying the resulting output and payout for our hoteliers. For some time, both sides of hospitality transactions have been hungry for improved payment processes. This is the truest definition of a 'win-win' scenario."
SynXis Pay will be released in phases over the coming months.
About Sabre Corporation
Sabre Corporation is a leading technology company that takes on the biggest opportunities and solves the most complex challenges in travel. Sabre harnesses speed, scale and insights to build tomorrow's technology today – empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Headquartered in Southlake, Texas,
Media Contact:
Cassidy Smith-Broyles
Cassidy.Smith-Broyles@sabre.com
sabrenews@sabre.com
SABR-F
View original content to download multimedia:https://www.prnewswire.com/news-releases/sabre-hospitality-introduces-synxis-pay-to-improve-payment-experience-and-simplify-transactions-for-hoteliers-302389640.html
SOURCE Sabre Corporation
FAQ
What payment methods will Sabre's SynXis Pay support?
How does SynXis Pay benefit hotel operators using SABR technology?
When will Sabre (SABR) launch SynXis Pay?
What are the main features of SABR's SynXis Pay for travelers?
