Wednesday, February 19, 2020

Corporate Traveller Partners with BitPay to Accept Cryptocurrency Payments

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SME customers will be able to book business travel with bitcoin and
bitcoin cash payments options

LONDON–(BUSINESS WIRE)–Corporate Traveller, the UK’s leading specialist provider of business
travel management services to SME companies, has partnered with BitPay,
the largest global blockchain payment provider. The agreement means that
Corporate Traveller can accept bitcoin and bitcoin cash payments from
its SME customers for business travel bookings.

Corporate
Traveller
, a division of Flight Centre Travel Group, one of the
world’s largest travel companies, has carved a niche in the market for
providing travel management services to clients across the UK with an
SME-size annual business travel spend of £50K to £2M. Corporate
Traveller has offices in 20 locations nationwide and is the largest and
only UK travel management company delivering online and offline services
purely for this client sector. As a result of parent company Flight
Centre Travel Group’s £10 billion global negotiation strength, Corporate
Traveller can give its clients access to unrivalled airfares, hotel
rates and product options not normally available to companies with an
SME business travel spend.

Andy Hegley, UK General Manager, Corporate Traveller said: “We have been
leading the way in terms of looking after the specific business travel
needs of SME companies for the last 20 years. Our business is built
around our customer and will only continue to be successful if we focus
on the delivery of a customer service experience that clients will not
receive anywhere else. That’s why we continue to evolve and pioneer
products and services that are tailored to our clients in order to
retain existing customers as well as reach new clients.

“We identified an increasing demand from our clients for the option to
pay in bitcoin for business travel bookings made by our travel
consultants. We chose BitPay to manage our merchant processing because
they make it easy and handle the entire process of getting the Bitcoin
or Bitcoin Cash from the customer and depositing cash into our account.
The blockchain industry is growing exponentially and we are excited to
be able to offer our clients the ability to pay in bitcoin, whilst
having the reassurance of our settlement from BitPay being in pounds
sterling. We believe Corporate Traveller is the first business travel
management company to offer this payment option to SMEs in the UK.”

Using BitPay, payments received via bitcoin or bitcoin cash will settle
directly in Corporate Traveller’s bank account within two business days
– denominated in GBP. There is no price volatility or risk to the
company, and as a push transaction, the user sends the exact amount of
Bitcoin or Bitcoin Cash needed to pay the bill. Unlike the high cost of
credit cards, BitPay charges 1% to approve the bitcoin or bitcoin cash
transaction and settlement.

BitPay enables transactions from any computer or mobile device and
invoices can be generated by an email invoice, or as an online eCommerce
transactions, making it convenient and reliable for Corporate
Traveller’s customers. As of 2018, BitPay processes more than $1 billion
annually from thousands of merchants and B2B customers globally.

“We are excited that Corporate Traveller is committing to offering
clients the ability to pay in bitcoin and bitcoin cash,” said Sonny
Singh, Chief Commercial Officer of BitPay. “We know blockchain payments
provide a strong user case for travel, with customers now able to spend
bitcoin on corporate travel bookings. We have seen big growth from
airlines and travel agents who are tapping into the massive blockchain
market.”

For more information on Corporate Traveller please visit https://www.corptraveller.co.uk/.
And for more information on BitPay, please visit https://bitpay.com/.

About BitPay

Founded in 2011, BitPay is the pioneer and the most experienced company
in bitcoin and blockchain payments. Its suite of products enables
businesses to send and receive cross border payments, also enabling
consumers to manage digital assets with the BitPay Wallet and turn
digital assets into dollars with the BitPay Prepaid Visa® Card. The
company has offices in North America, Europe, and South America and has
raised over $70 million from leading investors including Founders Fund,
Index Ventures and Aquiline Technology Growth. For more information
visit https://bitpay.com

The BitPay Visa® Prepaid Card is issued by Metropolitan Commercial Bank,
member FDIC, pursuant to a license from Visa, U.S.A. Inc. “Metropolitan”
and “Metropolitan Commercial Bank” are registered trademarks of
Metropolitan Commercial Bank © 2014. Use of the Card is subject to the
terms and conditions of the applicable Cardholder Agreement and fee
schedule, if any.

About Corporate Traveller:

First established in the UK in 1999 by parent company Flight Centre
Travel Group, Corporate Traveller specialises in providing travel
management services regionally to clients across the UK with an SME-size
travel spend of £50K to £2M. We have offices in 20 city/town locations
nationwide and are the largest and only UK TMC delivering online and
offline services purely for this client sector. Our travel consultants
operate in small teams personally managing the travel needs of their
locally-based clients. In addition to the UK, Corporate Traveller has
offices around the world, including the USA, Canada, South Africa,
Australia, New Zealand and India www.corptraveller.co.uk.

Contacts

Vanessa Aves
Head of PR Europe
Flight Centre Corporate
vanessa.aves@flightcentre.co.uk
+44
7721 413358

Tom Hannaford
BitPay Media Team
tom@wachsman.com

(c)2018 Business Wire Inc., All rights reserved.
Original Release: Business Wire

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