Boodil, a pioneering payments fintech, has forged an exciting partnership with Aquilium Travel, a premier luxury travel agency based in Cheshire, renowned for its bespoke and personalised travel experiences. This collaboration marks a significant milestone in Boodil’s mission to transform payment processing for the travel industry through its innovative open banking platform.
Boodil’s specialised payments platform it launched last year is designed to meet the unique needs of travel merchants. The platform leverages Open Banking technology to offer a cost-effective, secure, and efficient alternative to traditional card payments. Boodil has already gained traction in the industry, securing partnerships with prominent organisations such as The Advantage Travel Partnership and a growing roster of over 100 travel companies. The partnership with Aquilium Travel further solidifies Boodil’s position as a game-changer in travel fintech.
By integrating Boodil’s Open Banking payment solution, Aquilium Travel can now shift a significant portion of its card payment processing volume to a more economical and streamlined system. This transition enables Aquilium to save up to 75% on payment processing fees compared to conventional methods, delivering substantial cost efficiencies. Additionally, Boodil’s instant settlement feature ensures funds are deposited immediately, enhancing cash flow and simplifying reconciliation with gross settlement capabilities.
Boodil’s platform prioritises customer convenience and security. Payments are completed in under 10 seconds through a user-friendly interface, requiring only a few clicks to authenticate via two-factor, banking-level security protocols. This robust authentication ensures that transactions are among the most secure in the industry, providing peace of mind for both Aquilium’s discerning clientele and the company itself.
The platform’s intuitive backend dashboard empowers Aquilium with comprehensive transaction insights. Key features include real-time status updates for payment links, automated scheduling of variable-amount payment links, split payment options, and the ability for team members to receive instant notifications of completed payments. These tools streamline the payment and operational process, allowing Aquilium to focus on crafting exceptional travel experiences while Boodil handles the financial logistics.
Partnering with Boodil has been hugely beneficial for our business. Their Open Banking solution has not only reduced our costs but also made payments more financially secure and also simplified our payment processes, allowing us to focus on creating unforgettable travel experiences for our clients." David Mayer, Managing Director, Aquilium Travel