Fintech platform PayBy partners with Asfartrip.com

PayBy, a fintech company, has integrated its payment solutions with Asfartrip, an online travel and tourism platform. Customers who book travel, flights, or hotels on Asfartrip may now check out securely utilising PayBy payment alternatives.

The fintech company also announced that the Asfartrip website has been incorporated into its native app, allowing clients to access travel and accommodation booking services as well as cashless travel.

Cashless travel is described as the future of tourism, as the sector recovers from the Covid-19 pandemic and mobile phones are well integrated into the post-pandemic travel and tourism experience. The partnership between PayBy and Asfartrip is a step towards making cashless travel a reality – a world in which anyone planning to travel, stay or go on vacation need not worry about cash-in-hand and adopt online payment solutions.

The payment solutions from PayBy are accessible to all UAE residents, offering added convenience to unbanked or underbanked customers to book tickets online.

Rashid Alketbi at Asfartrip, said: “People are increasingly using smartphone apps for every aspect of travel: from planning trips, showing vaccination proofs and getting electronic boarding passes, to even accessing their hotel room, making cashless payments and sharing their travel experience on social media. Integrating with PayBy payments solutions is a logical next step in offering added convenience, safety, and security to our customers. Contactless payment is faster, safer and the need of the hour, and this partnership with PayBy is another step to offer additional value to our customers.”

Asfartrip is the first third-party lifestyle product integrated on the PayBy native app. The company plans to integrate more value-added services on its app in the future, enabling customers to place orders on coupons, game credits sales, and food delivery, among others.

PayBy also provides digital payment services covering multiple scenarios. This includes retail purchases, hotels, taxis, utilities, and mobile top-ups. It uses a QR-code based payment system to enable contactless and cashless payments. The QR code generated by PayBy is based on tokenisation.

Meanwhile earlier this month, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) signed a memorandum of understanding (MoU) with fintech platform PayBy, to enable a cashless, contactless payment system across the hospitality, retail and tourism sectors.

Read: DCT Abu Dhabi signs MoU with fintech platform PayBy

PayBy’s platform will now be in use across hotels, malls and other tourism establishments.