This document from PayPal, titled “The Vital Role of Online Payments: Fuel the Future of Travel and Tourism,” highlights the immense growth expected for the global travel industry by 2033 and the key factors merchants need to deliver seamless online payment experiences.
The five building blocks covered are transparency, security, convenience, reliability, and flexibility in payments. With online sales projected to account for 74% of total travel revenue by 2027, providing trusted and consumer-centric digital payment options will be crucial, especially across emerging destinations in Africa.
We encourage reviewing this informative material as the industry continues adapting to evolving consumer expectations around online payments that fuel travel’s bright future.
Find out more about FNB PayPal here.