Abacus and Conferma Sign Strategic Agreement
Abacus, the leading provider of travel solutions and services in the Asia Pacific region signed an agreement with Conferma, the leader in global T&E reconciliation and settlement solutions, that will see the Conferma secure single use account (SUA), or virtual card number (VCN), settlement solutions integrated into the Abacus solution. As a result Abacus’ agency partners throughout the Asia Pacific region will be able to extend the benefits of the Conferma powered payment solution to their corporate customers while retaining their preferred banking partner relationship.
Conferma’s global banking partners also benefit as the agreement marks the first time Conferma’s capability will be offered to corporate customers in the Asia Pacific market bringing them additional billing opportunities.
Commenting on the agreement, Simon Barker, CEO, Conferma said: “This agreement is another strategic step for Conferma as it provides significant integration and billing opportunities for our banking and payment partners in this fast growing T&E market. We’re delighted to be working with Abacus, the leader in this region, just as we have in the USA and Europe”.
Robert Bailey, President and CEO of Abacus International added, “Increasing flexibility for corporate travellers in Asia Pacific is a key proposition we make to our customers. This agreement delivers on that promise by offering more traveller payment and settlement choices with the benefits of simplifying transactional processes, reducing errors, and bringing down costs. In a fast-moving and fragmented market, Abacus customers will be the immediate beneficiaries as we accelerate more online and mobile payment solutions for the corporate travel sector in the Asia Pacific region.”