Airlines need to manage a complex system of payment currencies, types and distribution channels. Their customers can book tickets in one country with an airline based in another country, in order to fly to a third country, and pay in the currency of another country, sometimes using the preferred payment method of a fifth country.
The global e-commerce economy is growing at a rapid pace, and with this growth, we're seeing significant changes in the way merchants and consumers are choosing to do business. Whereas to date cards have been king, new research reveals that within the next four years, we'll start to see alternative payment methods make up the majority of online purchases.
India's fast developing economy, coupled with a rise in the number of affluent middle class consumers, has led to a considerable appetite for eCommerce amongst the country's consumers.