£2 Billion Worth of Travel Payments Selects Boodil

A major travel agent network processing £2 billion in annual payments has selected Boodil for Open Banking payments, marking a watershed moment for pay-by-bank adoption in the travel industry.

Transforming Travel Payments

This landmark partnership demonstrates the travel sector's growing recognition of open banking as a superior payment solution. The network's members will benefit from dramatically reduced transaction costs and instant settlement capabilities, improving profitability and cash flow across the organisation.

Scale of Impact

With £2 billion in annual payment volume, this partnership represents one of the largest deployments of open banking payments in the UK travel sector to date. The network expects to save millions of pounds annually in payment processing fees while providing customers with a more streamlined booking experience.

Benefits for Travel Agents

• Reduction of payment costs by up to 80%
• Instant settlement improves working capital
• Elimination of chargeback risk on bookings
• Enhanced customer trust through bank-level security
• Simplified reconciliation and reporting

Industry-Wide Implications

Industry analysts view this partnership as a turning point for payment innovation in travel. As one of the first major networks to deploy open banking at scale, they are setting a precedent that other travel organisations are expected to follow.