Noda and Tickets Travel Network partner for seamless payments

By Gloria Methri

Open banking provider Noda has joined forces with Tickets Travel Network in Europe to facilitate instant open banking payments within the travel industry.

Tickets Travel Network, known for its service across various European locations, including Latvia, Lithuania, Estonia, Netherlands, Spain, Italy, Austria, Germany, France, and Poland, has now integrated Noda’s Open Banking platform. This integration facilitates secure and direct account-to-account (A2A) payments, providing a seamless payment experience for travellers.

Noda’s Open Banking platform enhances the reconciliation process for Tickets Travel Network by providing daily settlements for the previous day’s transactions. This T+1 payout initiative accelerates the payment process, allowing Tickets Travel Network to settle with suppliers expeditiously on a daily basis.

This synergy also introduces the option for user refunds or payouts, ensuring satisfaction and trust among travellers should service discrepancies occur. The capability to accept funds in different accounts across multiple currencies further enhances the operational efficiency of Tickets Travel Network.

Michael Bystrov, Chief Revenue Officer at Noda, expressed his enthusiasm about the collaboration, stating, “This partnership with Tickets Travel Network not only marks our foray into the travel sector but also sets a precedent in delivering cutting-edge payment solutions. We are thrilled about the positive impacts and the new benchmarks we are setting in the travel industry together.”

Sergiy Tikhiy, Head of Payment Systems at TTN Travel Holding, added, “We are beyond excited to kick off our partnership with Noda, a trailblaser in open banking solutions. Noda’s superior technology will empower us to offer instant, secure, and hassle-free transactions, marking a significant step towards achieving a frictionless payment ecosystem. As the leading travel entity, we believe this synergy with Noda will not only enhance our operational efficiency but also significantly uplift the satisfaction and trust of our customers.”