Tool is powered by Conferma
American Express Global Business Travel (Amex GBT) announced that its hotel booking and payment solution, Virtual Payment Expert (VPE), is now available in Hong Kong, Singapore and Thailand. The digital payment solution is powered by Conferma, a virtual payments technology provider.
VPE, according to the announcement, supports spend control and helps prevent fraud and reconciliation challenges. A virtual card is used as a secure payment method for offline and online reservations globally and automatically becomes the form of payment in the hotel booking. Hotel payments are secure and automatically reconciled using Conferma tools.
VPE, said the announcement, works as a digital payment solution for companies that have travelers without access to an individual corporate credit card who may also be booking outside a company’s preferred vendors.
Businesses, according to the announcement, benefit from VPE by streamlining payment processes into a single, all-in-one platform that makes it more efficient for finance teams to manage. Travel managers have access to data-driven insights with comprehensive spend analytics and customizable reporting, and travelers benefit from a frictionless payment experience, no longer needing to use their own cards or worry about what they can or cannot spend on.
VPE is currently available in 30 countries in Africa, Asia, Europe, the Middle East and Australia.
Aaron Conlin, product manager VPE, global product and UX at Amex GBT, said that “by combining Amex GBT’s client expertise and industry insight with Conferma’s advanced digital payment technology and global network of over 90 banking partners, we are able to deliver a solution that reflects the preferences of today’s business travelers worldwide, while addressing the need for secure, seamless payment options.” The continued expansion of VPE into Asia, he said, “is reflective of our commitment to innovative financial solutions for corporate travel globally.”
Adam Williams, head of commercial, APAC, at Conferma, said, “With VPE, businesses gain a powerful tool to streamline processes and access reliable, real-time data that improves day-to-day operations and supports smarter decision making.”
